Redfin, eXp and Opendoor All Post Q3 Revenue Declines
Despite tough quarters, eXp and Redfin remained profitable heading into the year-end stretch
Despite tough quarters, eXp and Redfin remained profitable heading into the year-end stretch
The company says is will also require its brokers and agents to leave NAR, citing buyer fee policies and a ...
Both companies announced double-digit revenue declines amid slow market
Gross profit was $37.4 million, a decrease of 65 percent year-over-year
Net loss was $90.2 million, compared to a net loss of $18.9 million in the third quarter of 2021
CEO Glenn Kelman said on Wednesday that brokerage was laying off 862 employees
Second quarter revenue was $606.9 million, an increase of 29 percent compared to the second quarter of 2021
The company plans an 8 percent reduction in its workforce following a market slowdown
Demand, however, persisted as sales rose 7.5 percent
Net loss was $27 million, compared to a net income of $14 million in the fourth quarter of 2020
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