Redfin shows signs of improvement in fourth quarter

Real estate brokerage Redfin revealed signs of progress in its fourth-quarter 2023 earnings report, signaling a potential turnaround after facing challenges earlier in the year.Fourth-quarter 2023 revenues at Redfin fell 2% year over year to $218.1 million, down from $222 million in Q4 2022. The com
Read MoreCompass misses free cash-flow goal but remains optimistic

Although Compass failed to achieve its much publicized goal of being free cash-flow positive in 2023, brokerage executives were still positive about the company’s performance over the past year.“Even at these new op-ex [operating expense] levels, we continue to invest in agent growth, increasing mar
Read MoreGary Keller brings buyers’ agent value proposition front and center

At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits.Among other servi
Read MoreHUD, VA announce $14.5M for veterans seeking permanent housing

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) this week announced the awarding of more than $14.5 million that will be distributed by public housing agencies (PHAs) across the country in an effort to house veterans.The funds will be distr
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