by Jesse Williams | Aug 10, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
For the second straight week, mortgage applications increased, up 0.2% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022, released Wednesday. Data...
by Jesse Williams | Aug 9, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Zillow Group reported results for the second quarter of 2022 that, despite including an earnings decrease from the previous year, outstripped average Wall Street estimates. The Seattle-based company posted a net income of $8 million or earnings per share of $0.47 for...
by Jesse Williams | Aug 9, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
For the month of May, 2.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2-percentage-point decrease compared to 4.7% in May 2021, according to CoreLogic’s monthly Loan...
by Jesse Williams | Aug 8, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Offerpad, one of the nation’s largest iBuyers, was in the black for its third consecutive quarter. The industry disruptor, currently valued at half a billion dollars, logged year-over-year revenue growth of 185%, totaling $1.1 billion. The Arizona-based company...
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...