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Patrick Carroll makes LA court appearance amid felony charge
Despite a $20M Q2 Settlement Payment, Anywhere Says ‘Strong Results’ Position Firm for Continued Success
In a second quarter earnings call Aug. 1, Anywhere Real Estate reported $30 million in profits for the quarter, reversing a downward trend over the last few quarters to post an $11 million increase from the same period last year. Revenue remained relatively flat YoY, with $1.669 billion reported, a slight decline over last year’s…
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Mortgage rates are in free fall on a triple whammy of economic news
Opendoor CEO Says Commissions Already Falling Ahead of Settlement Changes
Yesterday, Opendoor, the largest and oldest iBuyer, announced its financial results for the second quarter of 2024, also addressing recent settlements and the impacts on buyer agents and sellers. In the wake of recent settlements, investors asked Opendoor CEO Carrie Wheeler about the impact on the company as a result of new buyer agent contracts…
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Average buyer’s agent commission has fallen since NAR settlement
Unemployment Rises in July, Experts See Hope on Horizon
The U.S. added 114,000 jobs in July, below the average monthly gain of 215,000 over the prior 12 months, according to the latest data from the Bureau of Labor Statistics. Markets reacted negatively to the news, with all three domestic indices down over 2% at around midday Friday. The unemployment rate rose slightly, up 0.2%…
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