Tag Archives: Redfin

5 key charts that illuminate real estate’s Q1 earnings season

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Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren’t panicking. Continue reading →

Realtor.com chief brushes off major Q1 drop in traffic

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David Doctorow attributed Realtor.com’s reduced traffic to a slower market and argued that his company’s sites have superior engagement than competitors. Continue reading →

Spring market falls short, but low inventory is driving up competition

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New listings were down 19 percent during the four-week period ending May 7, while pending home sales were down 16 percent, according to a new report from Redfin Continue reading →

Real estate stocks are suddenly and finally on fire

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Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading →

The markets real estate investors are fleeing amid the housing slump

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Despite economic turmoil, investors large and small are still a force to be reckoned with in the housing market. Intel broke down the cities they’ve soured on — and the ones they just can’t quit. Continue reading →

Redfin narrows losses as revenue falls 45% in first 3 months of 2023

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Redfin’s Q1 revenue declined 45 percent year over year to $325.7 million, as gross profits from its real estate services took a tumble amid a harsh housing market, according to an earnings call Thursday. Continue reading →

Zillow, Redfin go head-to-head with new ChatGPT plugins

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The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results. Continue reading →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

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Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading →

The Agency enters Idaho with new Boise franchise

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Operations at the office, which marks the brokerage’s 81st location globally, will be a family affair led by managing partners and couple Mike and Robyn Moir, alongside their daughter and partner Rachel Moir. Continue reading →

Low inventory prevents prices from falling even further: Report

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While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin. Continue reading →