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Rocket Companies Fizzles with Q3 Loss of $481 Million

Rocket Companies Fizzles with Q3 Loss of $481 Million

by Phil Hall | Nov 13, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Detroit-based Rocket Companies (NYSE: RKT) recorded a $481 million loss in the third quarter on $647 million in total revenue. The company’s dismal third quarter performance followed a mild $178 million profit in the second quarter, when the company’s total revenue...
Real Brokerage Debuts Investor Q&A Portal Ahead of Q3 Results Call

Real Brokerage Debuts Investor Q&A Portal Ahead of Q3 Results Call

by Phil Hall | Oct 28, 2024 | Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Real Brokerage Inc. (NASDAQ: REAX) has opened a shareholder Q&A platform for use on the company’s upcoming conference call to discuss its third quarter financial results. Real Brokerage will hold the call at 8:30 a.m. ET on Nov. 7. With the new platform,...
Report: Community Bank Earnings to Drop By 12% Year-Over-Year

Report: Community Bank Earnings to Drop By 12% Year-Over-Year

by Phil Hall | Jun 11, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, WRE News Exclusive

U.S. community bank earnings for 2024 are expected to be 12% lower compared to one year ago, according to a new report from S&P Global Market Intelligence. The newly published “2024 U.S. Community Bank Market Report” found elevated interest rates are pressuring...
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