Trending News: March 1, 2023

‘Anywhere’ sees major profitability dips, ‘Redfin’ loses over $60M in Q4, and new ‘NAR’ report shows existing home sales fell every month in 2022.

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Show Notes

Anywhere profitability dips in Q4 as executives brace for disruptive 2023: Revenue declined 33% in the fourth quarter of 2022 — and 13% year over year — as the franchisor dealt with double-digit declines in transaction and unit volume across every business segment. Read more

Redfin sees revenue fall, losses mount amid tough market in Q4: The portal and online brokerage saw revenue fall 25% year over year during the fourth quarter of 2022, and lost a total of $61.9M. Read more

Existing-home sales fell every single month in 2022, new NAR data shows: US existing-home sales slid 0.7% between December and January to a seasonally adjusted annual rate of 4M. Read more

Music by: Gloria Tells from Epidemic Sound


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