iBuyer Opendoor is continuing to hold its positive view as it pushed forward with its Opendoor 2.0 initiative to bring the company back to significant profitability, as executives expressed in its Q1 Open House. The company’s Q1 earnings report outlined another mixed quarter for the iBuyer, with several goals met while other metrics remained less…
REMAX Holdings reported Q1 2026 results on May 8, presumably the company’s last financial report as an independent entity after being acquired by Real Brokerage for $880 million late last month. The disclosure showed total revenue of $70.2 million, down 5.7% year-over-year. Adjusted EBITDA declined 19.3% to $15.6 million, with adjusted EBITDA margin contracting to…
The United States added 115,000 jobs in April, according to the Bureau of Labor Statistics, significantly beating analysts’ expectations as employers continue to shrug off high energy costs and geopolitical uncertainty—something buyers and sellers have been less willing to do. With an unemployment rate now at 4.3% and an average 48,000 payrolls added per month…
Rocket Companies delivered a resounding first quarter showing strong execution despite market volatility, signaling that the company’s three-year transformation into a fully integrated homeownership platform is creating durable competitive advantages that competitors will struggle to replicate. During Rocket Companies’ Q1 earnings call Thursday, CEO Varun Krishna outlined three core themes for the quarter. “First, we…
Home-price growth continues to depreciate across multiple reports as the latest data from the National Association of Realtors® (NAR) saw improvements to affordability once again in Q1 2026. NAR’s Q1 Metropolitan Median Area Prices and Affordability data found that the national median home price was $404,300, observing only a 0.5% year-over-year increase, compared to 1.2%…
Zillow posted a strong earnings report for Q1 2026, with revenue up year-over-year as the company launches new consumer-facing initiatives. But in CEO Jeremy Wacksman’s opening remarks to investors yesterday after the report, he specifically framed Zillow’s success as overcoming a housing market in a rut. “We once again outperformed the broader housing market, which…
A federal judge in Virginia has denied a motion to dismiss the Federal Trade Commission’s (FTC) major antitrust lawsuit against Zillow and Redfin, clearing the way for the case to advance. U.S. District Judge Anthony Trenga issued the ruling Wednesday night, rejecting arguments from the two companies that the FTC’s allegations didn’t meet the legal…
Days after announcing it would be purchasing legacy franchisor REMAX for $880 million, ascendant tech-focused Real Brokerage announced strong financial results to kick off 2026, with agent count jumping 25% and revenues increasing sharply as company executives touted new opportunities from the acquisition. Reporting Q1 earnings, with $465 million revenue (up 34% year-over-year) and 41,882…
Above: NextHome Co-CEO James Dwiggins and eXp Realty CEO Leo Pareja Virtual-focused brokerage eXp announced it is buying NextHome, in a move that pairs yet another high-growth tech-focused company with a more traditional franchisor as the industry rapidly accelerates through an unprecedented period of consolidation. In an announcement today, eXp and NextHome executives characterized the…
United Wholesale Mortgage (UWM) delivered what CEO Mat Ishbia called an “exceptional quarter,” reporting loan origination volume of $44.9 billion for Q1 2026, up 39% year-over-year and marking the company’s second-highest first quarter in company history. The Michigan-based wholesale lender reported total revenue of $901.4 million, net income of $170.4 million and adjusted EBITDA of…
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