Compass reports 14% revenue drop in Q3 after transactions decline
CEO and founder Robert Reffkin said that lower sales volumes are creating “significant challenges” for the housing industry as mortgage rates climb.
November 10, 2022
Brokerage News
The companies, teams and leaders who define the real estate landscape.
Page 40 of 40
- Redfin reports net loss of $90.2 million after layoffs, iBuyer shutdownRedfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."November 9, 2022
- HomeServices CEO Gino Blefari: ‘Where there is chaos, there is opportunity’Blefari has seen the ups and downs of the market during his four decades in the industry, which helps him keep his sights on profitability and performance.November 8, 2022
- RE/MAX Q3 earnings: Higher interest rates have ‘reset the housing landscape’RE/MAX leaders say that the company’s franchise models and strategic growth initiatives helped to drive revenues in the third quarter.November 4, 2022
- Realty ONE continues ‘disciplined and strategic’ growthA shifting housing market hasn't deterred the company's growth plans, which include international expansion and seeking out "best fit" franchise partners.November 4, 2022
- With slower sales and fewer listings, KW looks to training and coachingKeller Williams' sales volume through the third quarter dropped 3% compared to the same period last year.November 3, 2022
- eXp reports a 12% increase in revenue despite rocky real estate marketCEO Glenn Sanford says he’s pleased by the company’s performance this quarter, but believes the industry will continue to struggle amid high interest rates.November 2, 2022
- CEO Ryan Schneider sees Anywhere thriving in ‘good and challenging times’Schneider, who has led the company since 2017, explains why he is bullish about the future despite turbulence in the economy.November 1, 2022
- From Austin to the Alps, Keller Williams expands globallyKeller Williams Worldwide leads a trend among U.S. residential real estate companies to grow operations internationally.October 28, 2022
- Anywhere reports 17% revenue drop amid declining home salesCEO Ryan Schneider said the company’s strong balance sheet with a focus on cost reductions allows the company to grow in strategic areas during the slowdown.October 27, 2022
- Compass founder Robert Reffkin vows: ‘I am all in’At the company’s annual agent event, Compass CEO Robert Reffkin touched on the challenging real estate market, declining stock values and what lies ahead.October 26, 2022
- RE/MAX CEO Nick Bailey on thriving in a changing economyBailey sees this period as a natural rebalancing, with agents continuing to be front and center: “We’re going to continue to lean into what we are good at.”October 26, 2022
- Battle-tested tips for brokers in a challenging marketThis is an uncertain moment, but brokers can lead others to solid ground by taking focused action.October 23, 2022
- Florida RE/MAX broker: ‘Our businesses are up and going again’A southwest Florida real estate broker and business owner reflects on losses from Hurricane Ian and the work ahead, but remains optimistic.October 23, 2022
- ‘Focus on a career, not a year’: Gary Keller on working through a downturnKeller sees opportunities for agents and brokers who remain proactive and double down on the aspects of their business that work well.October 23, 2022
- KW Cares responds after Hurricane Ian with $3.3M in supportThe Keller Williams nonprofit has been raising donations and sending supplies to storm victims in Florida.October 21, 2022
