Mr. Cooper back online after 'precautionary' 4-day shutdown
More than 4M homeowners send their mortgage payments to Mr. Cooper, but it's unclear how many had their data exposed as the company continues to investigate security breach
by Matt Carter Nov 9
Fathom Realty continues to grow agent count with rebound in sight
While transactions fell 15% from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13%
by Matt Carter Nov 9
Weathering the storm: A Q3 2023 earnings roundup
From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we've got the news you can use about the dollars and cents that are driving the real estate economy right now
by Christy Murdock Nov 9
Tough times for mortgage lenders? UWM hired 1,000 employees in Q3
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms
by Matt Carter Nov 8
Compass trims losses, improves cash flow despite Q3 revenue dip
The brokerage saw revenue fall 10% year over year, but also managed to cut net losses from $154M in the third quarter of last year to $39M this time around, according to a Q3 earnings call Monday
by Jim Dalrymple II Nov 6
RE/MAX sees revenue decline for 5th consecutive quarter
Amidst difficult market conditions, the real estate franchisor's total revenue was down 8.7% YOY to $81.2M, coming shy of analysts' expectations. The company also suffered a net loss of $59.5M
Opendoor can't hang on to profitability as Q3 revenue craters
The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
by Jim Dalrymple II Nov 2
Zillow's Q3 revenue ticks up, losses shrink despite rough market
The portal giant brought in $496M in revenue between July and September. That's a 3% increase compared to 1 year earlier
by Jim Dalrymple II Nov 1
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?
by Jim Dalrymple II Nov 1
Anywhere tallies another profitable Q3 despite revenue decline
Anywhere Real Estate reported revenue of $1.6B and a profit of $129M for Q3, ending with $151M in cash and cash equivalents
by Ben Verde Oct 24
Q2 2023 earnings roundup: A shift away from growth at all costs
Real estate companies and related industries faced down the down market by cutting costs to offset declines in revenue
by Christy Murdock Aug 17
A stock analyst reveals the 2 big winners from Q2 earnings season
Among the publicly traded real estate enterprises to release second-quarter earnings reports this month, 2 companies stood out for John Campbell, a managing director at analytics firm Stephens
by Daniel Houston Aug 16
Fathom Realty trims its losses during Q2 as agent count grows
Fathom logged a net loss of $4.3M during Q2, an improvement over the $5.7M loss logged during Q1, according to its earnings report released Wednesday
by Ben Verde Aug 9
Opendoor rebounds with profitable Q2 despite steep revenue decline
The iBuyer sold fewer homes and brought in less cash than it did during the same period in 2022, but it still managed to land in the black to the tune of $23M, according to Q2 earnings on Thursday
by Jim Dalrymple II Aug 3
Zillow sees losses rise in Q2 thanks to 'tough' market
The company lost $38M between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as 'crucial,' in a newly published earnings report
by Jim Dalrymple II Aug 2