Real Estate News for Realtors and Brokers
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January cyberattack a $37M weight on loanDepot Q1 2024 results

In addition to $15 million in direct costs, loanDepot says it lost an additional $22 million in revenue while systems were down, contributing to $72 million net loss.

Wed May 8, 2024 05:46
Redfin rides momentum to Q1 revenue bump, beats expectations

Seattle-based Redfin's revenue increased 5 percent year over year to $225.5 million — beating revenue projections of $218.1 million. Still, the company is struggling to control its net losses, which grew nearly 10 percent from 2023.

Wed May 8, 2024 05:46
Better settles with former exec who filed whistleblower suit

Former operations head Sarah Pierce, who had accused Better CEO Vishal Garg of providing misleading information to investors in leadup to SPAC, faced $2.76 million judgment in countersuit.

Wed May 8, 2024 05:46
Leading Laguna Beach team returns to Compass from Coldwell

The Marcus Skenderian Real Estate Group is boomeranging back to Compass after three years away to launch its own brick-and-mortar office in Laguna Beach.

Wed May 8, 2024 05:46
NYC rents grew 7 times faster than wages last year

The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth.

Wed May 8, 2024 05:46
$60M non-waterfront Palm Beach estate one of the priciest ever sold

The mansion on Banyan Road was gut-renovated by homeowner and interior designer Victoria Hagan before being sold off-market to an unknown buyer.

Wed May 8, 2024 05:46

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