Exp World Holdin Stock Price, News & Analysis

eXp World Holdings has expanded its operations by launching eXp Germany, marking its presence in 18 countries with over 62,000 agents globally. This move comes in response to significant growth in the EMEA region, particularly targeting Germany, which is the fourth-largest economy and a key player in the real estate market. The opening is part of eXp's strategy to enhance its international footprint and leverage its innovative cloud-based real estate platform to attract agents. Michael Valdes is leading this expansion, aiming for continued growth in global markets.

BELLINGHAM, Wash., Aug. 26, 2021 – A new study by eXp Realty and The Center for Generational Kinetics highlights key trends in homebuying post-pandemic. The study found that 73% of participants view homeownership as increasingly vital, and 80% are willing to sacrifice luxuries like gourmet coffee for a better home. Millennials particularly value homeownership, with 80% stating it is now more important to them. Key findings emphasize the importance of tech-savvy real estate agents, with 86% ranking them highly in the homebuying process.

eXp World Holdings reported a remarkable 183% year-over-year revenue increase for Q2 2021, reaching $1 billion. Key highlights include a 350% rise in net income to $37 million and a cash dividend of $0.04 per share for Q3, payable on August 30, 2021. The company experienced an 87% growth in agent count, totaling 58,263. Transaction volumes surged 210% to $40.1 billion. eXp aims to enhance its global presence and product offerings, focusing on agent satisfaction.

eXp World Holdings (Nasdaq: EXPI) has surpassed 60,000 agents globally, marking an 85% year-over-year increase from 32,403 agents in July 2020. This milestone is attributed to its agent-centric model and commitment to resources that support agent success.

In 2021, eXp Realty expanded into eight new international markets including Puerto Rico and Brazil. For the fourth consecutive year, it was recognized as a Best Place to Work by Glassdoor among large U.S. businesses.

eXp World Holdings (Nasdaq: EXPI) will announce its second quarter 2021 financial results on August 4, 2021, prior to market opening. A virtual investor Q&A session will follow at 8:30 a.m. PT / 11:30 a.m. ET, featuring key executives including Founder and CEO Glenn Sanford. The event is aimed at investors and stakeholders interested in learning about the company's developments. With over 59,000 agents globally, eXp Realty continues its rapid growth within the real estate technology sector.

eXp World Holdings (Nasdaq: EXPI) has announced a joint venture with Kind Lending to create SUCCESS® Lending. This initiative aims to connect top loan officers with real estate professionals, enhancing the homebuying process. The venture leverages the strengths of both companies, known as innovators in their respective fields. Kind Lending has shown rapid growth, originating nearly $4 billion in its first year. The collaboration is designed to streamline the mortgage journey for consumers, focusing on efficiency and improved communication.

eXp World Holdings, Inc. (Nasdaq: EXPI) has announced its expansion into Panama, marking its entry into a total of 17 countries and territories with over 59,000 agents worldwide. The move is part of eXp's strategy in the Caribbean and Latin America region, emphasizing Panama's strong housing demand and resilient property market. Led by Luis Pimentel, eXp Panama aims to transform the real estate experience in the country. eXp's innovative model offers agents unique opportunities, including company equity and a cloud-based platform.

eXp World Holdings (Nasdaq: EXPI) has appointed Seth Siegler as Vice President of Technology Innovation & Real Estate Services, aiming to enhance support for agents and customers. Siegler, with nearly 20 years in real estate tech, previously led the development of eXp's iBuyer program and several other technology initiatives. His role focuses on scaling the innovation department and introducing new products, with a strong emphasis on agent-centric technology. eXp Realty is recognized as one of the fastest-growing real estate companies globally, boasting over 58,000 agents across various countries.

eXp Commercial will host a free virtual Commercial Real Estate Symposium from July 26-30, featuring a three-day certification program by the National Commercial Real Estate Association (NCREA). This event connects industry leaders, offering training to enhance productivity and marketing skills for agents. Highlights include sessions on technology integration, influencer strategies, and investor relations. With operations in 48 states, eXp Commercial aims to support agents in adapting to the evolving market dynamics post-pandemic.