Operating Segments (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Information on each of the reportable and other segments and reconciliation to consolidated net income (loss) is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2017			2016			2017
Real estate
Revenue	$	79,198		$	103,864		$	195,203		$	262,894
Cost of revenue	47,966			64,258			132,990			178,850
Gross profit	$	31,232		$	39,606		$	62,213		$	84,044
Other
Revenue	$	1,866		$	5,615		$	5,211		$	11,388
Cost of revenue	2,181			5,908			5,965			12,783
Gross profit	$	(315	)	$	(293	)	$	(754	)	$	(1,395	)
Consolidated
Revenue	$	81,064		$	109,479		$	200,414		$	274,282
Cost of revenue	50,147			70,166			138,955			191,633
Gross profit	$	30,917		$	39,313		$	61,459		$	82,649
Operating expenses	25,254			29,066			78,820			96,252
Net income (loss)	$	5,700		$	10,558		$	(17,191	)	$	(13,203	)

Schedule of Real Estate Revenue

Real estate revenue consisted of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2017		2016		2017
Real estate revenue
Brokerage revenue	$	74,052	$	97,787	$	183,440	$	247,327
Partner revenue	5,146		6,077		11,763		15,567
Total real estate revenue	$	79,198	$	103,864	$	195,203	$	262,894