The iBuyer saw revenue fall 71% year over year in the 3rd quarter of 2023. The company also lost $106M — a reversal from Q2's net profit
Damian Eales lauded the American system of having agents representing buyers and sellers, but said that change is likely coming thanks to lawsuits and the DOJ
The portal giant brought in $496M in revenue between July and September. That's a 3% increase compared to 1 year earlier
Real estate companies have been trapped in a repeating cycle of bad financial quarters. Will this latest round of earnings break the loop, or is the industry doomed to relive it?
Redfin CEO Glenn Kelman said at Inman Connect on Wednesday that pressure from lawsuits and the Department of Justice may ultimately lead to 'a different world' than the one that exists today
Redfin will still classify agents as employees but, beginning next year, will transition those in some California markets to an all-commission-based pay program
Big names, heated exchanges and the emergence of homeseller plaintiffs on the stand dominated the first week of the Sitzer | Burnett commission trial in Kansas City, Missouri
The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell
