Opendoor Revenue and Profit Up Annually In Q2 Results
The platform saw a 201 percent increase in total homes sold between April-June 2022 compared to the same period last ...
The platform saw a 201 percent increase in total homes sold between April-June 2022 compared to the same period last ...
The company sold more homes than expected last quarter, bringing in $505 million
The slowdown in volume hit the bottom line for the two lending giants
Net income, however, was down more than $27 million annually
The company formerly known as Realogy pointed to the absence of revenue from its former title underwriter business
The company also announced plans to cut back on expansion
The company is home to real estate brands including CENTURY 21, Coldwell Banker, Corcoran and Sotheby’s International Realty
On the positive side, quarterly revenue was up 25 percent year-over-year to $1.4 billion
Loan origination volume was down 26 percent from the end of 2021
Year-over-year, the brokerage’s revenue was up by $36.1 million
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