News Corp., the parent company of Move’s realtor.com and Australia-based REA Group, beat analysts’ expectations Thursday, posting adjusted third quarter fiscal year 2019 earnings of 4 cents per share, compared to the consensus estimate of 1 cent per sh… Continue reading
Lemonade, a tech-centric insurance startup that uses artificial intelligence, announced Thursday it had raised $300 million in a new round of funding. Continue reading
Wall Street and venture capitalists are pouring fortunes into everything from real estate tech companies to single-family rentals. Here’s what real estate pros should know from the top down. Continue reading
Revenue at eXp World Holdings, parent company of virtual brokerage eXp Realty, rose to 212 percent year-over-year during the final months of 2018, helping lift the company’s total take for the year to a record $500.1 million. In an earnings repor… Continue reading
Zillow dived into iBuying after seeing it as an “existential threat,” the company’s newly reinstalled CEO said this week, and he anticipates major changes to its current practice of charging agents for a subscription to get leads. Continue reading
Profits at Douglas Elliman fell by nearly 75 percent in 2018, thanks in part to a slower residential market, according to the latest earnings report. Continue reading
Friday’s rally is particularly notable because other than installing Rich Barton as CEO, the company appears to be largely staying the course it laid out in prior earnings calls — including doubling down on the very programs that had previously spooked… Continue reading
Those earnings represent an increase of 30 percent compared to the fourth quarter of 2017, the company also revealed. Redfin also saw a net loss in the final three months of 2018 of $12.2 million, compared $1.8 million during the same period in 2017. Continue reading
Howard “Hoby” Hanna has been in real estate for 26 years and runs a company founded by his grandfather. And in his opinion, today’s disrupters aren’t all that disruptive. Continue reading
With no end in sight to market volatility, managing client jitteriness is likely to be one of Realtors’ primary responsibilities in the coming months. Continue reading