Plunk unveils Plunk Pro for up-to-the-minute housing market data

Plunk Pro offers investors, advisors and analysts access to real-time information on the housing market, the AI-powered home valuation and analytics company announced Tuesday. Continue reading

Christie’s International Real Estate and tech company Modwell partner

The agreement provides 50 of Christie’s International Real Estate’s Masters Circle agents access to Modwell’s proprietary and patented tech design platform to assist homebuyers in seeing a property’s potential. Continue reading

CINC rolls out ‘Guaranteed Sales Program’ to help agents and teams

The customer relationship management platform vowed “a path to six-figure earnings within 24 months” for real estate agents and teams who follow the program from beginning to end. Continue reading

Fewer transactions result in falling profits for eXp World Holdings in Q2

EXp’s revenue fell 13 percent from the second quarter of 2022 to $1.2 billion, and its gross profit decreased 10 percent to $96.5 million, according to an earnings call Thursday afternoon. Continue reading

Redfin narrows losses amid rough Q2 as it braces for more turbulence

Redfin’s second-quarter revenue declined 21 percent year over year to $275.6 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

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

Location! Location! Funding! Local Logic lands $13M in Series B round

The funds will go toward general operations and services expansion to help the space “better understand the impact of location,” according to a company announcement. Continue reading

Zillow sees losses rise in Q2 thanks to ‘tough’ market

The company lost $38 million between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as “crucial,” in a newly published earnings report. Continue reading

‘Empowered with great products,’ Zillow acquires Aryeo

Aryeo offers an online platform for managing real estate marketing media, founded by a trio of real estate photographers and media creatives. It will fall under ShowingTime+, according to Zillow. Continue reading

Even CoStar doesn’t think it will unseat Zillow, DelPrete argues

For all its bluster, CoStar Group likely doesn’t think it can overthrow Zillow to become real estate’s top portal, Mike DelPrete tells Intel. Here’s what the commercial real estate giant is really after. Continue reading