Douglas Elliman Losing Streak Continues Boston Condos For Sale Ford Realty
Briefly

Under CEO Liebowitz's leadership, Elliman has reported improved financial results for its first full quarter, significantly narrowing losses and increasing revenue to $253 million from $200 million last year. This upward trend can be attributed to a resurgence in the housing market and a prior cost-cutting strategy, which included reducing expenses by $20 million in 2024. Liebowitz aims to steer the firm in a new direction, indicating a transformational phase for Douglas Elliman post-Lorber's retirement.
In his new role, Liebowitz promised to take the firm "in a different direction" after it had stacked up quarterly losses.
The firm has notched revenue gains over the last few months, including closing out 2024 with $1 billion up from $960 million in 2023.
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