by Jesse Williams | Aug 8, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Despite raking in $606.9 million in revenue, nearly a third more than last year, Seattle-based real estate brokerage Redfin saw gross profits dip by 6% in the second quarter of 2022. Net loss also ballooned from $27.9 million in the second quarter of 2021 to $78.1...
by Jesse Williams | Aug 8, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Tech-focused, full-service brokerage Fathom beat guidance on revenue this quarter, up 52% to take in $128.2 million, with big increases in its mortgage and tech business, though company executives also announced cost-cutting initiatives and joined a broader chorus...
by Jesse Williams | Aug 8, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
With the mortgage industry in flux, Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance companies, felt the sting of a changing lending environment, which showed in its latest earnings report. The Detroit-based company saw a...
by Jesse Williams | Aug 5, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
And just like that, U.S. unemployment has recovered from its pandemic-induced doldrums. However, the labor market is still tight despite seeing significant job growth in July, according to the latest report from the U.S. Bureau of Labor Statistics (BLS). Based on...
by Jesse Williams | Aug 5, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Real estate mega franchisor RE/MAX posted solid revenue growth for Q2 2022, hitting its targets as the company brought in $92.2 million, but also saw fractional year-over-year loss in its United States agent count—even as it continues to make significant gains...
by Brit Owen | Aug 5, 2022 | Industry News, Latest News, National, News, Premier |
It was an interesting week for Opendoor. On the heels of being fined by federal regulators, the company has had to juggle a mixed bag of announcements throughout the first week of August, culminating in a shocking partnership and an earnings report underscoring the...