Real Brokerage Stock Price, News & Analysis

The Real Brokerage (NASDAQ: REAX) has released its first-ever Sustainability Report, marking a significant milestone in its commitment to responsible business practices. The report highlights several key initiatives including:

• Enhancement of Leo, an AI-powered virtual assistant for agent productivity
• Expansion of the One Real Impact program supporting agents during hardship
• Implementation of flexible PTO policies for employee well-being
• Development of cybersecurity framework for data protection

With a network of over 23,000 agents across North America, Real's growth strategy emphasizes sustainable practices while leveraging technology to transform the real estate experience for buyers and sellers.

Real Brokerage (NASDAQ: REAX) released its November 2024 Agent Survey showing increasing optimism for the 2025 housing market. 89% of agents expect higher home sales transactions in 2025, with 60% forecasting growth of 5% or more. 75% of agents predict rising home prices, and 90% anticipate mortgage rates falling below current levels (6.5%-7.0%) by end-2025.

The Agent Optimism Index reached 73.1 in November, up from 68.5 in October, with 75% of agents feeling more optimistic. The survey revealed a shift toward a buyer's market, reaching a year-to-date high of 32%. Affordability remains the primary challenge at 62%, while inventory constraints eased to 19%. The Transaction Growth Index improved to 48.3 in November, indicating narrowing market contractions.

Urban Nest Realty, Las Vegas' No. 1 real estate branch, has joined The Real Brokerage Inc. (NASDAQ: REAX). The powerhouse team brings 400 agents and $11 billion in lifetime sales to Real's platform. Led by David J. Tina, David R. Tina, and Angela Tina, Urban Nest has closed over 35,000 home sales, including 2,500 transactions valued at $1.5 billion in 2023.

Founded in 2012, Urban Nest has become known for its agent-first philosophy and strong focus on the metro's luxury sector. The brokerage has received numerous accolades, including Vegas Inc.'s Agency of the Year in 2021 and Agents of the Year in 2023. The merger strengthens Real's footprint in the Las Vegas real estate market and aligns with both organizations' commitment to agent success and industry excellence.

Real Brokerage (NASDAQ: REAX) announced that ROVI Homes has joined their platform, bringing 150 agents and $2 billion in career home sales. The addition strengthens Real's presence in New England and Florida's Southwest Coast, pushing their total agent count above 23,000.

Founded in 2015 by Steve Rovithis, ROVI Homes grew from 3 to 150 agents and was recognized on the Inc. 5000 list in 2020 and 2021. The brokerage is known for pioneering innovative solutions in the New England real estate market, including high-end property marketing and specialized agent services. ROVI Homes has completed over 7,500 transactions across western Massachusetts, Connecticut, Rhode Island, and Sarasota, Florida.

Real Brokerage (NASDAQ: REAX) ranked No. 38 on the 2024 Deloitte Technology Fast 500™, achieving 4,062% revenue growth over the three-year period from 2020 to 2023. The company attributes its success to operational efficiencies from its technology platform and entrepreneurial model, which continues to attract agents at a record pace. The Deloitte Technology Fast 500™ ranks the fastest-growing technology companies in North America, with participating companies showing growth rates between 201% and 153,625%, averaging 1,981% with a median of 460%.

Real Brokerage (NASDAQ: REAX) released its October 2024 Agent Survey showing increased market optimism despite high mortgage rates. The Agent Optimism Index rose to 68.5 in October from 67.0 in September, with 67% of agents feeling more optimistic about the next 12 months.

The survey reveals that affordability remains the primary challenge, cited by 57% of agents, up from 48% in September. In response, 44% of agents expect buyers to compromise on home features or location if rates stay between 6-7% in 2025. Location is expected to be the top compromise (38%), followed by home features (28%) and size (16%).

The market shows signs of rebalancing, with buyer's market share increasing to 27% while seller's market share decreased to 35%. The Transaction Growth Index dropped to 44.4, indicating deeper transaction declines.

Real Brokerage (NASDAQ: REAX) has announced its participation in three upcoming investor conferences. CEO Tamir Poleg will present at the RBC Global Technology, Internet, Media and Telecommunications Conference on November 19, 2024, at 12:00 p.m. ET, the Stephens Annual Investment Conference on November 20, 2024, at 3:00 p.m. ET, and the Needham 4th Annual Consumer Tech / E-commerce Virtual Conference on November 25, 2024, at 10:15 a.m. ET. All presentations will be available via webcast, with replays accessible for one year through the provided links and the company's investor relations website.

The Real Brokerage (NASDAQ: REAX) announced significant growth with the addition of multiple high-performing teams across North America. The company is adding approximately 1,000 professionals monthly in 2024, with its agent base now exceeding 22,000. Notable additions include Urban Luxe Real Estate (48 agents, $163M in 2023 sales), Chris Holm & Associates ($58M in 2023), and The Liberty Group (13 agents, $50M in 2023). Other significant teams joining include Amen Real Estate with over 40 agents and $40M in 2023 sales, operating under Real's Private Label program.

The Real Brokerage Inc. (NASDAQ: REAX) released its Q3 2024 financials, showcasing robust growth. Key highlights include a 74% revenue increase to $372.5 million and a 71% rise in gross profit to $32.1 million. The company posted a net loss of $2.6 million, an improvement from a $4.0 million loss in Q3 2023. Adjusted EBITDA surged to $13.3 million from $3.5 million. Operationally, Real completed $14.4 billion in real estate transactions, up 78%, and closed 35,832 transactions, up 76%. The agent count grew by 79% to 21,770. Major product launches include Real Wallet and Leo AI, enhancing agent and client experiences. Despite a 52% increase in operating expenses to $34.6 million, adjusted operating expenses per transaction fell by 16% to $468. The company repurchased 2.7 million shares for $15.1 million and held $32.0 million in cash with no debt.