Douglas Elliman loosing streak continues
Boston Condo for Sale
Douglas Elliman loosing streak continues
Douglas Elliman posted its fifth consecutive quarterly loss, but executives sounded an optimistic note over rising inventory levels and new development opportunities.
The residential brokerage continued to narrow its losses in the third quarter, if by a small margin. It reported a $4.9 million net loss compared to a $4 million loss in the same period last year and $5.2 million net loss in the previous quarter.
“The last six quarters have been a difficult part of the cycle, as historically high mortgage rates have sustained listing inventory shortages across our luxury markets,” Chairman Howard.
