National Mortgage Delinquencies Reach Another New Low in May
For the month of May, 2.7% of all mortgages in the U.S. were in some stage of delinquency (30 days...
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Offerpad Posts $1.1 Billion in Revenue Growth in Q2
Offerpad, one of the nation’s largest iBuyers, was in the black for its third consecutive quarter. The industry disruptor, currently...
Market Cooldown ‘Won’t Be Enough to Sink’ Redfin, Says CEO as Profits Dip in Q2
Despite raking in $606.9 million in revenue, nearly a third more than last year, Seattle-based real estate brokerage Redfin saw...
Fathom Beats Revenue Targets, Aims to Cut Costs
Tech-focused, full-service brokerage Fathom beat guidance on revenue this quarter, up 52% to take in $128.2 million, with big increases...
Rocket Doubles Down on Brand Unity Amid Shifting Market and Lagging Q2 Profits
With the mortgage industry in flux, Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance...
In This Together: The Importance of Local Relationships in a Downturn
It certainly looks like the real estate market has peaked, and at least nationally, housing has entered a correction of...
U.S. Unemployment Hits Pre-Pandemic Levels as Job Growth Surges in July
And just like that, U.S. unemployment has recovered from its pandemic-induced doldrums. However, the labor market is still tight despite...
RE/MAX Hits Q2 Targets, But Softens 2022 Guidance
Real estate mega franchisor RE/MAX posted solid revenue growth for Q2 2022, hitting its targets as the company brought in...
Opendoor Looks to Weather Market Shift With Price Cuts and Zillow Partnership
It was an interesting week for Opendoor. On the heels of being fined by federal regulators, the company has had...
Your Local Recession: What a Downturn Looks Like in Disparate Markets
Amid all the blaring national headlines of falling home sales and price declines, with all the anecdotes of listings that...
How to Tell If a Tired Landlord May Be Ready to List
As a real estate agent, you know motivated seller leads are the foundation of your business. But what if you’re overlooking one of the highest-value opportunities? Meet the "tired landlord." Read more.
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