'Extremely challenging' market contributed to eXp's mixed results in Q1
The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.
May 2, 2023
Amie Fisher
Senior Director, News Editing
Amie is a Seattle-based real estate editor and writer with experience covering agent news, consumer housing, rentals and the luxury market. She has led content and editorial teams at Pacaso and Zillow, and previously worked as the managing editor for a regional lifestyle magazine. A Pacific Northwest native, she grew up in rural Southern Oregon among tall trees, baby goats and a territorial rooster.
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- Zillow dominates the portals, but Homes.com gains groundA new report found that most portals lost traffic and market share over the past year, but a few companies improved or firmed up their positions.March 23, 2023
- KW reports modest growth in agent count, lower sales volume in 2022The franchise is approaching 200,000 agents worldwide and reported gains in its global markets, as U.S. and Canada numbers dipped.March 13, 2023
- Who’s No. 1? See which companies held on despite the downturnT3 Sixty’s ranking of the top real estate companies includes Compass, Keller Williams, Anywhere and other repeat leaders — plus a few surprises.March 13, 2023
- Douglas Elliman quarterly revenue down 40% from year beforeThe luxury brand reported steep quarterly and full-year losses, but said annual transaction volume outperformed the industry.March 10, 2023
- How Corcoran grew from a boutique brand to a global presenceFor most of its 50 years, Corcoran was a regional player. But in 2020, its affiliate network took off, and “it’s just the beginning of the story.”March 10, 2023
- Have down payment, will travelRelocation picked up in 2022, with buyers seeking out more affordable homes in Florida, Texas and California.March 9, 2023
- A fifth week of rising mortgage rates dampens hopes for a busy springFreddie Mac’s weekly survey reported yet another jump in the average 30-year mortgage rate, which is approaching its 2022 peak.March 9, 2023
- Share of million-dollar homes drops from 2022 peakAfter maxing out in June, the percentage of million-dollar homes fell and is nearly flat year-over-year. In pricey markets, the declines were more pronounced.March 6, 2023
- Mixed results for RE/MAX in Q4: Quarterly declines, annual gainsThe company noted that it closed out the year with a relatively small drop in revenue considering the sharp decline in home sales in 2022.February 16, 2023
- Bidding wars aren’t going going gone, but no longer dominateCompetition among buyers has been on a steady decline since the beginning of 2022, and has now dropped to the lowest rate since the beginning of the pandemic.October 17, 2022
