Following a dramatic fourth quarter in which the iBuyer posted losses of $121.1M, Offerpad improved its net loss by 51% to $59.4M in Q1 as it continued to struggle to adapt to a shifting market
Zillow brought in $469M in revenue, according to an earnings call Wednesday, falling 13% from the $536M it brought in a year earlier during a period that preceded the rate hikes and sluggish sales
Fannie Mae acquired $68B in single-family mortgages during Q1, the slowest period in more than 2 decades. Freddie Mac's $59B haul was the smallest since 2014
EXp World Holdings tallied a 16% decrease in revenue in Q1 as transaction sides and volume at its brokerage, eXp Realty, fell by 10% and 20%, respectively, according to an earnings call on Tuesday
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023
Transaction sides fell 18.2% year over year for a total of $472.9B in sales in 2022, a 12.5% decline, according to a full-year earnings report released Monday afternoon by the Texas-based brokerage
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves
As companies report their Q4 and full-year earnings, industry-watchers read the tea leaves for indications of what’s working now — and what’s likely to happen next
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11B in revenue, down from $1.6B during the same period in 2021
Analysts gave Zillow an 'overweight' rating which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
The portal and online brokerage saw revenue fall 25% year over year during the fourth quarter of 2022, and lost a total of $61.9M, according to an earnings call Thursday afternoon
The portal giant brought in $435M in revenue during the fourth quarter of last year and lost $72M, according to 4Q22 earnings released Wednesday afternoon
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive