After a middling third quarter, Douglas Elliman CEO Michael Liebowitz told investors that recent changes and efforts to the company are to “modernize” and build a “more efficient platform” by early 2027. The luxury brokerage’s revenue fell short in the third quarter at $252.1 million for 2026, a $10 million drop compared to 2025’s revenue…
AGNT, the parent company for eXp Realty and NextHome, posted revenue growth despite economic headwinds of high rates and sluggish home demand, the company announced during an earnings call Thursday. Closed real estate sales transactions reached 131,000 in the third quarter of 2026, up 8% year-over-year, alongside a 10% jump in sales volume to $59.3…
As Open Real Estate makes headlines around the future of listing flow and control, Compass CEO Robert Reffkin addressed the initiative in the company’s third quarter earnings call, saying Compass “welcome(s) this change.” Reffkin said that Open Real Estate’s plan “actually validates” Compass’s messaging over recent years, and he is “excited to see the four…
After over a year of working as CEO, Opendoor’s Kaz Nejatian reported significant growth in revenue and market share during the iBuyer’s Q3 earnings call, and attributed the gains to a shift into AI infrastructure as the company says it has found ways to flip more homes without overpaying. “This past quarter we rebuilt this…
After the Real Brokerage completed its acquisition of RE/MAX Holdings this past August, the third quarter earnings for the company revealed a significant shift in revenue, sparked by AI investments and slight drops in agent retention. Tamir Poleg—Real REMAX chairman and CEO—started off the first earnings call for the combined companies, and expressed his confidence…
Real estate’s biggest name is struggling, just like everyone else, but company leadership is promising that it—and the industry—have ways to hang on amid a tech revolution, a sluggish market and legal woes the company claims are in the past now. Speaking to investors after reporting earnings for Q3 2026, Zillow CEO Jeremy Wacksman said…
Despite having lower margins for the third quarter, United Wholesale Mortgage (UWM) Chairman, President and CEO Mat Ishbia stated that he feels prepared to handle “headwinds in the industry” during the company’s third quarter earnings call. On the call, Ishbia referenced the challenges the mortgage market has faced within the past five years, saying that…
In a Q3 2026 earnings report Nov. 2, iBuyer Offerpad, known for giving homeowners cash offers within 24 hours, blamed the less-than-stout housing market for its less-than-stout numbers. In a release and press conference, the company reported a net loss of $11.5 million, or $2.30 a share—with total closed real estate transactions numbering 324. Gross…
In a continuation of the company’s acquisition strategy as of late, CoStar announced another is in the works as it recorded another strong quarter of financials. In the company’s Q3 earnings call, Founder and CEO Andy Florance announced that CoStar is in the process of acquiring another company to add to its portfolio: aerial-imagery program…
Despite fierce headwinds driven by the war in Iran and still-rising mortgage rates, Rocket Companies reported impressive gains during its Q2 earnings call on August 6, thanks in large part to reaching “record levels” in both purchase and refinance quarterly marketshare. “It was one of the toughest spring housing markets in years,” said Rocket Companies…
| Older Posts |