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LoanDepot boosts revenue, sells servicing to restructure debt

USA Real Estate News-Inman - Tue, 2024-08-06 18:11
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they're in a better position to grow after selling $29 billion in mortgage servicing rights.

Consumer watchdog advises buyers to pay agents ‘2% or less’

USA Real Estate News-Inman - Tue, 2024-08-06 17:16
The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead.

UWM shares at 3-year high on prospect of refi ‘mini boom’

USA Real Estate News-Inman - Tue, 2024-08-06 16:28
In Q2 earnings, the nation's largest mortgage lender posted a healthy $76 million profit, paid down debt, and said it's in prime position to capitalize and grow as mortgage rates drop.

Tell us about your biggest Inman Connect Las Vegas takeaways

USA Real Estate News-Inman - Tue, 2024-08-06 16:26
An inspiring keynote? A stellar panel? We want to know what you saw, heard or read from ICLV that changed your perspective and your business.

Matterport revenue grows, losses improve during Q2

USA Real Estate News-Inman - Tue, 2024-08-06 16:03
Total revenue grew to $42.2 million during the second quarter of 2024, up from $39.6 million the previous year, as the company worked to increase its market share.

Coastal North Carolina Team Thrives on Relationships

USA Real Estate News-RISMedia - Tue, 2024-08-06 15:39

Above, Melanie Cameron With 30 years of experience behind her in a sought-after seaside market, Melanie Cameron knows what it takes to be successful: steadfast commitment, great communication, and a client-first approach that fosters lasting relationships. “We are fortunate to work in a coastal market that draws people who want to live where they vacation,”…

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Redfin sees Q2 revenue rise, while losses remain nearly flat

USA Real Estate News-Inman - Tue, 2024-08-06 15:24
The company's earnings report saw revenue climb 7 percent to $295.2 million between April and June, but it also lost $27.9 million — just a hair above its Q2 2023 loss.

Travelers spent $21.2B booking through Airbnb last quarter

USA Real Estate News-Inman - Tue, 2024-08-06 15:07
The leading short-term rental platform told investors that its share of revenue grew by 11 percent to $2.75 billion in the second quarter of this year. Travelers made 125.1 million total bookings in three months.

Anywhere Introduces New Company Values

USA Real Estate News-RISMedia - Tue, 2024-08-06 13:29

Anywhere Real Estate today has announced the release of an updated purpose story that includes new enterprise values and an expanded purpose statement. Called “The Anywhere Way,” the company says the refresh “builds upon the distinct Anywhere position in the industry as the company continues to lead through change and accelerate transformation across its uniquely…

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Harry Norman, REALTORS® Celebrates Atlanta Real Estate Industry Award Wins

USA Real Estate News-RISMedia - Tue, 2024-08-06 13:15

Harry Norman, REALTORS® has announced that several agents have received honors in some of Atlanta’s most respected real estate industry awards programs, including Modern Luxury’s Interiors Atlanta 2024 Real Estate Awards, Atlanta Agent Magazine’s 2024 Agents’ Choice Awards and Atlanta Magazine’s Real Estate All-Stars. Agents were recognized for their strong performances in various categories, a…

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Offerpad CEO Predicts Buyers and Sellers Will Get ‘Used To’ Working Together Directly

USA Real Estate News-RISMedia - Tue, 2024-08-06 13:14

Brian Bair, chief executive officer of iBuyer Offerpad Solutions, said during his company’s Q2 earnings call that the real estate landscape is bound to change for agents–with buyers potentially moving towards unassisted transactions. “I believe strongly that buyers are going to get used to dealing with the sellers directly. I think there’s going to be…

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Jason Mitchell Group Posts Record Q2 Earnings

USA Real Estate News-RISMedia - Tue, 2024-08-06 13:11

The Jason Mitchell Group has announced record-breaking Q2 earnings with a net profit of $3.98 million, marking a 24% increase from 2023. The company said this achievement underscores its operational efficiency and its continued dominance in the real estate industry. JMG stated it wrapped up 2023 with 8,100+ transactions and a total sales volume of…

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