Three of the most important companies in real estate are also the three public companies who have to report earnings every quarter, and answer questions from Wall Street analysts who follow them: Zillow, Redfin and Realogy.
I look forward to earnings season just to be able to see what these three companies have done, are doing, and are planning to do. They provide such a window into where the real estate industry is today and where it is headed tomorrow.
The Big Three have reported earnings for Q1 of 2018 and did not disappoint. Well, they may have disappointed their investors, as all three suffered significant losses, but this is not a sell-side analyst report for investors. This is a report for the industry.
In this Red Dot, we cover what these three companies show us as to what is happening today, and paint the shape of things to come for the real estate industry tomorrow.