Rocket posted a significant loss in Q1 but said its recent deals create a “super funnel” for the company and a “beautiful, end-to-end experience” for consumers. Read More
Real Estate
Robert Reffkin championed the company’s listing strategy and strong Q1 numbers during an earnings call, noting that Compass continues to outpace the industry. Read More
An uptick in mortgage applications and stabilizing rates could be signs that the slow spring homebuying season has potential for some turnaround. Read More
New brokerage brand looks to take on established luxury players and attract agents who want “cohesiveness across different states and global cities.” Read More
A compelling AI version of CEO Tamir Poleg touted tech innovation during the company’s earnings call, and the real Poleg endorsed listings transparency. Read More
Tim Dieffenbacher joins KW as its new CFO, while Stacie Herron is named COO — a role she will hold in addition to her current position as chief legal officer. Read More
The Federal Reserve left interest rates unchanged at its May 7 meeting amid an uncertain economic environment. “We don't feel like we need to be in a hurry.” Read More
Revenue jumped 13% and traffic increased 5%, beating expectations. CEO Jeremy Wacksman credited bundled offerings while affirming Zillow’s new listing rules. Read More
Despite declines in key metrics, Redfin CEO Glenn Kelman was upbeat, saying employees were “over the moon about Rocket's vision of a home-ownership platform.” Read More
The top iBuyer looks to build its referrals to agents as revenue slips 2% but losses ease; Offerpad, meanwhile, saw revenue drop 44% and losses improve by 14%. Read More