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Side’s Guy Gal: We’re organizing the boutique broker rebellion
Big five brokerage brands are an evil empire that doesn't create value for agents or consumers and will ultimately be defeated, the company's co-founder and CEO said at Inman Connect Las Vegas.
Walkthrough woes: 7 things that cause pre-closing stress
By the time buyers attend the final walkthrough, they may be stressed out and nitpicking. Broker Cara Ameer details the items that may set them off, along with ways to offset their frustrations.
AHF's Summer Reading List| Housing Finance Magazine - Apartment Finance Today
AHF's Summer Reading List| Housing Finance Magazine Apartment Finance Today
Offerpad Posts $1.1 Billion in Revenue Growth in Q2
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 reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous…
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Houses under $400,000, June 26 to July 2 - Ormond Beach Observer
Houses under $400,000, June 26 to July 2 Ormond Beach Observer
Market Cooldown ‘Won’t Be Enough to Sink’ Redfin, Says CEO as Profits Dip in Q2
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 million, bringing net loss per share to $0.73. Additionally,…
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Fathom Beats Revenue Targets, Aims to Cut Costs
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 across the industry in warning that there will likely be tough times ahead. Agents and transactions were…
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United Real Estate Expands National Network to Cover NYC and Long Island
United Real Estate announced today its partnership and the newest member of its national network with United Real Estate | Fortune, based in Great Neck, New York. The move ushers United into New York State and the New York City area for the first time and expands its service footprint to one of the most…
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Rocket Doubles Down on Brand Unity Amid Shifting Market and Lagging Q2 Profits
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 sharp drop in its profits in the second quarter of 2022 after earning $1.4…
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