eXp remains focused on the growth of its agent quality and international expansion as it positions itself for continued success, according to the company’s latest earnings report. The company saw a Q3 net income of $3.5 million and a revenue of $1.3 billion—the same amount seen in Q2 and up from $1.2 billion last year.…
Above, Opendoor CEO Kaz Nejatian Rebooting was the theme of Opendoor’s Q3 2025 earnings call, held Thursday, Nov. 6. The iBuyer has seen a challenging 2025, including almost being delisted from the Nasdaq earlier this year, and these challenges showed up in its quarterly financial results. In Q3, Opendoor experienced a year-over-year slowdown in revenue—$137…
Without an end in sight for the government shutdown, consumer sentiment is reflecting that uncertainty, according to the latest data from the University of Michigan. The preliminary results for the Index of Consumer Sentiment came in at 50.3, down 6.2% from October’s reading of 53.6. Year-over-year, there was a 29.9% drop from 71.8 in November…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. –Flagstar last month agreed to a $31.5 million settlement in multiple class-action cases filed by former customers, focused on two data breaches that exposed the personal information of millions of customers in 2021 and…
AI continues to prove itself as the path for future success as United Wholesale Mortgage (UWM) saw another successful quarter due to its own AI initiatives. The company’s Q3 2025 earnings release showed a total revenue of $843.3 million in Q3, up from $758.7 million in Q2 and $745.6 million last year, and an…
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There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…
At its recent Q3 earnings call, Zillow leadership talked up the company’s recent app integration with OpenAI’s ChatGPT. Essentially, if you type “Zillow” into a ChatGPT query, the chat will bring up the Zillow app, then a user can use the Zillow app and its functionality—home searches, connecting with agents, etc.—as if they had opened…
Defendants in the largest homebuying commission case have filed a motion to strike or delay the plaintiffs’ class certification motion, arguing that a binding federal injunction from the Burnett case invalidates roughly 79% of the proposed class—buyers who also sold homes during a particular time period. The defendants, Anywhere, REMAX and Keller Williams, previously settled…
When Zillow announced its new rules restricting certain private listings, one MLS was quickly thrown into the spotlight—Midwest Real Estate Data, or MRED, in the Chicago region. That’s because for almost a decade, MRED has hosted an internal private listing service—properties shared within the MLS, but not necessarily to anyone else. While Zillow didn’t immediately…
Federal Reserve Governor Lisa Cook pointed to tariffs as the cause of a recent rise in inflation data during a Nov. 3 speech on economic outlook and monetary policy. During her speech, Cook noted the rise in inflation as of the September PCE report, which saw annual inflation hit “significantly” above the Fed’s 2% inflation…
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