Earnings

The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.

The company cited increased traffic to its portal websites, including Homes.com, as one reason for its growth.

Despite a challenging real estate market, CEO Tamir Poleg expects the company’s EBITDA to turn positive in the second half of 2023.

The luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.

Bridgemarq Real Estate Services reported revenue of $49.9 million in 2022 and added more than 500 agents.

Revenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.

The Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.

Despite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.

CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate.

Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.

CEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.

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.