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Strategic Acquisitions Bolster Fathom Agent Count and Trajectory in Q3

USA Real Estate News-RISMedia - Fri, 2024-11-08 14:09

It was a busy three months for Fathom Holdings.  Despite continued housing market challenges, company officials seemed generally optimistic about its growth trajectory following several critical developments in the third quarter, including reaching a settlement agreement in the commission lawsuits.  “We’re pleased to report a quarter marked by continued progress and strategic advancements, even as…

The post Strategic Acquisitions Bolster Fathom Agent Count and Trajectory in Q3 appeared first on RISMedia.

Wendy Davis joins Coldwell Banker Realty as branch manager

USA Real Estate News-Inman - Fri, 2024-11-08 12:53
Davis and her team, the Wendy Davis Group, join the firm from eXp Realty. Davis will manage operations at Coldwell Banker Realty's Sherman Oaks and Studio City offices.

How to build a listing machine for your business in 2025

USA Real Estate News-Inman - Fri, 2024-11-08 12:41
Focusing on listings is the best way to flourish in the new year. Jimmy Burgess offers strategies to make it achievable.

eXp Reports Mixed Q3 Results with Revenue up 2% YOY and Net Income Loss of $6.5 Million

USA Real Estate News-RISMedia - Fri, 2024-11-08 12:23

Global real estate brokerage eXp announced mixed financial results for the third quarter of 2024, with revenue up 2% year-over-year but a net income loss of $6.5 million, mostly due to $18 million in antitrust settlement legal expenses, the company reported during an earnings call Thursday. However, eXp’s adjusted net income reached $7.8 million, a…

The post eXp Reports Mixed Q3 Results with Revenue up 2% YOY and Net Income Loss of $6.5 Million appeared first on RISMedia.

Vrbo parent Expedia Group reports strong Q3 amid leadership changes

USA Real Estate News-Inman - Fri, 2024-11-08 12:17
Expedia’s net income for Q3 was $684 million, with adjusted net income of $809 million — significant improvements compared to Q2 2024, when net income was $386 million and adjusted income was $469 million.

Real Estate Leaders Remain Focused on Growth and Innovation

USA Real Estate News-RISMedia - Fri, 2024-11-08 12:07

From left, Kuba Jewgieniew, Cory Vasquez and John Featherston. Photo by AJ Canaria In a panel discussion at RISMedia’s CEO & Leadership Exchange this past September, key industry executives came together to tackle the pressing topic of creating and maintaining strong company cultures in real estate. With the focus on culture, collaboration and leadership, Kuba…

The post Real Estate Leaders Remain Focused on Growth and Innovation appeared first on RISMedia.

Settlements, suits, Sitzer: Inman’s Top 5 stories of the week

USA Real Estate News-Inman - Fri, 2024-11-08 11:57
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

CoStar loses National Advertising Division challenge against Move

USA Real Estate News-Inman - Fri, 2024-11-08 11:46
The National Advertising Division on Friday denied CoStar's challenge to Realtor.com's "No. 1 site real estate professionals trust" tagline. CoStar said it's based on outdated data. NAD disagreed.

Former Douglas Elliman CEO Allegedly Admitted to Relationships With Female Brokers Before Retirement

USA Real Estate News-RISMedia - Fri, 2024-11-08 10:53

Howard Lorber, the former chairman, president and CEO of Douglas Elliman Inc., allegedly admitted during an internal investigation to having intimate relationships with two of the company’s women brokers, according to a report by Bloomberg. The finding came during a video conference call on October 8, a few weeks before Lorber stepped down from leading…

The post Former Douglas Elliman CEO Allegedly Admitted to Relationships With Female Brokers Before Retirement appeared first on RISMedia.

Fathom Holdings’ revenue drops 10% as market challenges linger

USA Real Estate News-Inman - Fri, 2024-11-08 10:50
The company's Q3 revenue clocked in at $83.7 million while net losses rose to $8.1 million as Fathom faced an uncertain market and dealt with expenses related to a $3 million NAR settlement contingency.

Opendoor Q3 Report: Losses Lessened, but 17% of Workforce Terminated

USA Real Estate News-RISMedia - Fri, 2024-11-08 09:52

In a third quarter earnings report November 7, Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, reported that losses in the quarter ($78 million) were at least 14% less than the second quarter and 26% less than a year ago. But the San Francisco-based iBuyer also announced it had laid off 300…

The post Opendoor Q3 Report: Losses Lessened, but 17% of Workforce Terminated appeared first on RISMedia.

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