Earnings

The company noted that it closed out the year with a relatively small drop in revenue considering the sharp decline in home sales in 2022.

The Seattle-based real estate giant reported revenue of $435 million, exceeding its estimate of $413 million.

Real CEO Tamir Poleg said the company is prioritizing growth — through acquisitions, agent count and market share — to improve the homebuying process.

CEO and founder Robert Reffkin said that lower sales volumes are creating “significant challenges” for the housing industry as mortgage rates climb.

Redfin announced significant losses and a new round of layoffs in anticipation of a continuing slowdown "at least through 2023."

RE/MAX leaders say that the company’s franchise models and strategic growth initiatives helped to drive revenues in the third quarter.

Opendoor Technologies reported $211 million in third-quarter adjusted losses before EBITDA. Its net loss for the quarter was $928 million.

Third-quarter revenue came in at $483 million, above company expectations, but CEO Rich Barton said the market is "super challenging to predict right now."

CEO 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.

Apartments.com led CoStar’s earnings during a challenging quarter for the real estate industry.