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Blend trims loss, shrugs off decline in mortgage segment revenue

May 8, 2024

Mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150 million cash injection from Haveli Investments.

Airbnb continues growth as Q1 profit more than doubles to $264M

May 8, 2024

Total revenue climbs 18 percent in the first quarter as Airbnb continued to add supply and benefit from a surge in bookings for events like the eclipse.

Former RE/MAX Northwest CEO moves Austin team to Compass

May 8, 2024

Matt van Winkle served as chief executive officer of RE/MAX Northwest from 2011 until 2022 and will now lead a Compass team.

Compass posts revenue spike and increases agent count in strong Q1

May 8, 2024

The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday.

Low-income buyers’ mortgage applications drop to 2018 levels

May 8, 2024

Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023.

Mortgage demand picks up as rates retreat from 2024 highs

May 8, 2024

Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2 percent and requests to refinance up 5 percent week over week.

Realtor.com revenue drops 6% as traffic growth remains flat

May 8, 2024

Realtor.com parent company Move Inc. saw its fiscal third-quarter revenue decrease 6 percent yearly to $132 million as traffic to the site stalls at 72 million average monthly unique visitors.

Judge rejects homebuyer motion to block commission settlements

May 8, 2024

Plaintiffs in the commission suit known as Batton 1 had requested a temporary restraining order Wednesday to prevent final approval of the Keller Williams, Anywhere and RE/MAX settlements.

On the verge of going private, Doma Holdings is still in the red

May 8, 2024

San Francisco-based title tech provider, set to be acquired by Title Resources Group, posts a $20.6 million Q1 2024 net loss, down 46 percent from a year ago.

Consumer disconnect: Good time to sell means it’s a bad time to buy

May 8, 2024

Fannie Mae survey finds 67 percent of Americans agree that it's a good time to sell, the highest level in nearly 2 years. But only 20 percent say it's a good time to buy.

US home prices rise in 93% of all housing markets in Q1, NAR says

May 8, 2024

Low inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on Wednesday.

Buyers seek surprise injunction to halt commission suit settlements

May 8, 2024

The plaintiffs in a suit known as Batton 1 have filed for a temporary restraining order preventing the final approval of the Keller Williams, Anywhere and RE/MAX settlements.