In a relatively short time, the power dynamics in residential real estate have shifted dramatically. The National Association of Realtors® (NAR) sits alongside portal giant Zillow on one side, and on the other is New York-based venture capital-backed Compass, a new behemoth that has consolidated a huge brokerage empire and appears ready to use its…
Douglas Elliman released its financial results for the third quarter Tuesday morning, reporting 5% year-over-year revenue growth for the first nine months of the year, to $787.6 million. “While others in the industry are pursuing consolidation and platform integration, we remain committed to deepening our leadership in the luxury segment—a category that is synonymous with…
In its first financial report since being acquired by Compass in September, Anywhere Real Estate, in a Nov. 4 Q3 earnings call, showed $1.6 billion in revenue—a 6% increase from the previous year. The company said it is focused on achieving $100 million in cost savings for 2025 and has already identified all necessary savings.…
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.…
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…
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