BREAKING NEWS by Real Estate News: The future of MLS? It's @Zillow, says @Compass CEO https://t.co/ZQ2CvXWkLY #realestatenews #realestatetrends #zillow
The future of MLS? It's Zillow, says Compass CEO https://t.co/FZ5p6CnNTQ #realestatenews #realestate
NAR economist bullish on home sales rebound in 2025 https://t.co/TO7g3bhXA5 #realestatenews #realestate
Redfin reported a 3% year-over-year increase in third-quarter revenue, reaching $278 million, despite a significant 77.8% rise in net losses. The earnings report highlighted a mixed performance across the real estate sector, with The Real Brokerage experiencing recruitment gains and Zillow reporting substantial revenue growth. In contrast, companies like Offerpad and RE/MAX continue to face challenges amid changing market conditions. Additionally, Opendoor, a San Francisco-based iBuyer, announced plans to lay off approximately 20% of its workforce, equating to about 300 employees, as it grapples with mounting losses. The company reported an increase in home transactions compared to the previous year, along with a reduction in its net loss from the second quarter and year-over-year. Overall, the real estate market shows varied trends, with some companies thriving while others struggle.
