Rocket Companies—which recently completed its acquisition of both Mr. Cooper and Redfin—exceeded its revenue guidance during the third quarter, as noted during a Halloween Eve earnings call. The company reported Q3 adjusted revenue of $1.78 billion—beating the high end of its guidance range—generated $36 billion in net rate lock volume, up 26% over the previous…
For a couple years now, RE/MAX has publicly stated that it is focused on reversing a trend of shrinking agent count in the U.S.—even as the brokerage touts overseas growth. That still hasn’t happened, with the company reporting a 6.9% year-over-year drop in U.S. agents for Q3 2025, and lowering its top-end revenue projections from…
Just in time for Halloween, America’s real estate market gets some unscary news: The zombies are going to their graves. So-called “zombie” foreclosures—homes abandoned by owners before formal foreclosure proceedings are completed—fell to 3.25% at the start of the fourth quarter of 2025, down from 3.38% from the previous quarter, according to ATTOM’s fourth-quarter Vacant…
Mortgage rate watchers point out that so far this year rates have fallen 87 basis points from their mid-January peak, a welcome event for homebuyers that have been waiting on the sidelines and homeowners who have been considering refinancing. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday, the average…
In an earnings report Oct. 30, The Real Brokerage, a digital-focused brokerage, announced results for the third quarter with jumps in revenue and agent count. They follow positive numbers from the second quarter. “In the third quarter, revenue increased 53% to $568.5 million while operating losses narrowed compared to last year,” said Ravi Jani, CFO.…
Above, Fed Chair Jerome Powell The Federal Reserve has announced its second interest rate cut of the year—the second in a row—in the midst of a government shutdown. The Federal Open Market Committee (FOMC) announced at its October meeting today that it has cut interest rates by a quarter-percentage point. This follows a 25-basis-point cut…
In a discovery dispute, Compass seeks to compel Redfin, a nonparty in its lawsuit against Zillow, to produce internal communications and documents allegedly showing coordination between Redfin and Zillow. At the same time, a Redfin spokesperson confirmed that the company’s rules restricting private listings had not gone into effect, after being announced almost simultaneously to…
CoStar Group CEO Andy Florance dove again into the controversies surrounding rival portal Zillow in the company’s recent Q3 2025 earnings call. While discussing financials for the company and its subsidiaries—Homes.com, Apartments.com, Matterport, LoopNet, Domain and more—and the increasing traffic and success seen in the portal space, Florance pivoted to discuss an “uncomfortable but important…
Pending home sales in September showed no change from the prior month and fell 0.9% year-over-year, according to the National Association of Realtors® (NAR) Pending Home Sales Report. The report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales under contract. Month-over-month and year-over-year pending…
As people continuously rely on digital platforms in the age of social media, new careers have found their way into the market. These new careers have ramifications in real estate, as it opens up new avenues for home shopping—and new ways for agents to build their business. Digital platforms designed to share and spread content…
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