Opendoor says it’s behind schedule but plans to catch up by 2027
Adjusted net loss totaled $66 million, revenue rose 12% to $1.022 billion, and inventory increased to 7,596 homes
Technology
Auto Added by WPeMatico
RealPRO Select helps lift Realtor.com revenue
Move reported $160 million in quarterly revenue, its eighth straight quarter of segment growth
Zillow pushes Preferred agent program toward 100% of buyer connections
Average monthly unique users fell to 215 million, revenue rose 7% to $724 million, and net loss widened to $158 million
Bright turns on Ocusell integration so agents enter listings once
OneList validates data against MLS rules and pushes updates into Bright and other MLSs
Reds10 Group’s MMY US acquisition secures U.S. offsite beachhead
MMY US has an off-site construction facility in Louisville, and is planning to build another modular factory in Cleveland
Internal AI ecosystem a big win for independent Arizona brokerage
The brokerage also created a consumer-direct mortgage tool
Real unveils Leo Pro AI platform, agent-to-agent referral tools
Agents using Referral Central can list areas of expertise to help colleagues find appropriate matches
Homa raises $5M to expand across California, add mortgage lending
The brokerage, also live in Florida and Texas, offers buyers up to 2% of the purchase price back at closing
AI can speed up permitting, but messy zoning data holds it back
Localities are turning to AI to fast-track permiting, but outdated or conflicting zoning text and maps still delay approvals
Criminals used 79 dormant domains to impersonate a top real estate team
Unauthorized traffic can damage a brokerage’s and domain’s reputation with email providers