Pinnacle Residential Properties, LLC

Phone:
781-237-5000
Contact Us

Pinnacle Residential Properties, LLC

Phone:
781-237-5000
Contact Us

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Offerpad Posts $1.1 Billion in Revenue Growth in Q2

USA Real Estate News-RISMedia - 7 hours 16 min ago

Offerpad, one of the nation’s largest iBuyers, was in the black for its third consecutive quarter. The industry disruptor, currently valued at half a billion dollars, logged year-over-year revenue growth of 185%, totaling $1.1 billion. The Arizona-based company reported a net income increase of $11.6 million, or $0.04 per share, up 26% from the previous…

The post Offerpad Posts $1.1 Billion in Revenue Growth in Q2 appeared first on RISMedia.

Market Cooldown ‘Won’t Be Enough to Sink’ Redfin, Says CEO as Profits Dip in Q2

USA Real Estate News-RISMedia - 7 hours 16 min ago

Despite raking in $606.9 million in revenue, nearly a third more than last year, Seattle-based real estate brokerage Redfin saw gross profits dip by 6% in the second quarter of 2022. Net loss also ballooned from $27.9 million in the second quarter of 2021 to $78.1 million, bringing net loss per share to $0.73. Additionally,…

The post Market Cooldown ‘Won’t Be Enough to Sink’ Redfin, Says CEO as Profits Dip in Q2 appeared first on RISMedia.

Fathom Beats Revenue Targets, Aims to Cut Costs

USA Real Estate News-RISMedia - 7 hours 18 min ago

Tech-focused, full-service brokerage Fathom beat guidance on revenue this quarter, up 52% to take in $128.2 million, with big increases in its mortgage and tech business, though company executives also announced cost-cutting initiatives and joined a broader chorus across the industry in warning that there will likely be tough times ahead. Agents and transactions were…

The post Fathom Beats Revenue Targets, Aims to Cut Costs appeared first on RISMedia.

United Real Estate Expands National Network to Cover NYC and Long Island

USA Real Estate News-RISMedia - 7 hours 19 min ago

United Real Estate announced today its partnership and the newest member of its national network with United Real Estate | Fortune, based in Great Neck, New York. The move ushers United into New York State and the New York City area for the first time and expands its service footprint to one of the most…

The post United Real Estate Expands National Network to Cover NYC and Long Island appeared first on RISMedia.

Rocket Doubles Down on Brand Unity Amid Shifting Market and Lagging Q2 Profits

USA Real Estate News-RISMedia - 7 hours 20 min ago

With the mortgage industry in flux, Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance companies, felt the sting of a changing lending environment, which showed in its latest earnings report. The Detroit-based company saw a sharp drop in its profits in the second quarter of 2022 after earning $1.4…

The post Rocket Doubles Down on Brand Unity Amid Shifting Market and Lagging Q2 Profits appeared first on RISMedia.

Affordable housing measures nixed from US climate bill

USA Real Estate News-Inman - 8 hours 3 min ago
The bill contains several of Democrats' top legislative priorities. But several big affordable housing proposals missed the final cut.

WATCH: Marc King and Nick Bailey trade jokes at Connect Las Vegas

USA Real Estate News-Inman - 8 hours 58 min ago
RE/MAX CEO Nick Bailey and Keller Williams President Marc King, two of real estate's highest profile leaders, teased each other on stage, then counseled agents to focus on fundamentals.

Homebuyer activity shows pulse as mortgage rates dip below 5%

USA Real Estate News-Inman - 9 hours 28 min ago
Redfin's Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in five weeks, according to new data released Monday.
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At Pinnacle Residential Properties, LLC we uphold an ongoing commitment to providing an elevated level of personal service. Our clients come first, and as a result, they are able to achieve more than they ever dreamed with their real estate investment.

Because we expect more from our associates, you can expect more from us when it comes to the important sale or purchase of your property. When it comes to your next move, we want you to experience the difference exceptional real estate service can make.

Contact us today, for free real estate advice, to find your nearest sales associate or to find your dream home!