The big players sneakily winning the sluggish 2024 housing market

This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors. Continue reading

Mortgage rates are in free fall on a triple whammy of economic news

Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds. Continue reading

Offerpad posts a decline in annual revenue, but improves Q1 losses

The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading

Offerpad posts a decline in annual revenue, but improves Q1 losses

The iBuyer lost $17.5 million between January and March, according to an earnings call Monday afternoon. However, that represents a 71 percent improvement compared to a year earlier. Continue reading

Opendoor posts significant decline in revenue but narrows losses in Q4

In an earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the “potential for a more normalized macro backdrop” in 2024. Continue reading

The role of the buyer’s agent isn’t ending. It’s evolving

Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al. Continue reading

Will Q3 earnings keep real estate mired in a ‘Groundhog Day’ loop?

Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it? Continue reading

Opendoor rebounds with profitable Q2 despite steep revenue decline

The iBuying giant sold fewer homes and brought in less cash in Q2 2023 than it did during the same time in 2022, but it still managed to end up in the black to the tune of $23 million. Continue reading

Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading

CoStar posts profitable Q2 as real estate portals tally record traffic

The commercial and would-be residential giant saw revenue jump 13 percent year over year in the second quarter while profit climbed 20 percent, according to a 2Q earnings call Tuesday afternoon. Continue reading