The real estate franchise giant posted higher revenues and expanded profits even as the company downgraded expectations amid a slowing market, according to an earnings report Thursday
The brokerage's revenue grew 52 percent annually in the second quarter, reaching $128.2 million, up from $84.2 million last year, according to an earnings on Thursday.
Redfin reported $606.9M in second-quarter revenue, a 29% increase compared to the second quarter of 2021, in an earnings report released Thursday afternoon following the close of markets
Market headwinds clobbered Keller Williams transaction volume for the third consecutive quarter, according to earnings Thursday. However, sales volume and agent count was steady
There are ways that brokerages can cut costs during a market slowdown without risking its agent morale, according to brokers at Inman Connect Las Vegas on Thursday
The company's move into mortgage lending comes on the heels of a $14M Series A round led by Trulia co-founder Pete Flint's NFX Ventures
Alongside RE/MAX President and CEO Nick Bailey, Keller Williams President Marc King also hinted Thursday at Connect that KW may not be in a rush to begin selling shares to the public
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The brokerage named former Xome Chief Technology Officer Patrick O'Neill to the chief operating officer position, it was announced Thursday
This week the spotlight shines on Portland, Oregon broker Pam Blair of YogaBug Real Estate who brings balance to her real estate practice
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At Inman Connect Las Vegas, panelists Thad Wong, Josh Harley and Kamini Lane agreed opportunities for real estate pros will abound in a downturn: Just reach out and grab them
During a session Wednesday at Inman Connect Las Vegas, real estate tech expert Mike DelPrete said staking out a piece of the agent commission pool is baked into newer business models
David Fernandez, Jennifer Lee and Emanuele Fiore join the company from Compass, while Jason Christie comes from his independent brokerage, The Polaris Team
The real estate company's revenue increased 42% annually to $1.4B, and its gross profits increased 34% compared to the second quarter of 2021, according to a Q2 earnings report Wednesday