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Segment Reporting
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting

In its operation of the business, the Company's management, including its chief operating decision maker, who is also the Chief Executive Officer, evaluates the performance of the Company’s operating segments based on revenue and gross profit. The Company does not analyze discrete segment balance sheet information related to long-term assets, all of which are located in the United States. All other financial information is presented on a consolidated basis. The Company has five operating segments and two reportable segments, real estate services and properties. The Company has elected to present properties as a segment, given its decision to proceed with buying homes directly from homeowners and reselling them to homebuyers as an ongoing customer offering.

The Company's reportable segments and other segments are described below:

Real estate services

Real estate services revenue is derived from commissions and fees charged on real estate services transactions closed by the Company or its partner agents.

Properties

Properties is a new reportable segment as of June 30, 2018. Prior to June 30, 2018, the properties segment results were included as part of the Company's other segment. Properties revenue is earned when when the Company sells homes that it previously bought directly from homeowners.

Other

Other revenue consists of fees earned for title and settlement services, mortgage banking services, Walk Score licensing and advertising fees, and other services. Included in other are all operating segments and revenue not otherwise included in reportable operating segments.

Information on each of the reportable and other segments and reconciliation to consolidated net income (loss) is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
Real estate services
 
 
 
 
 
 
 
Revenue
$
130,858

 
$
100,658

 
$
205,783

 
$
159,030

Cost of revenue
85,337

 
63,436

 
153,501

 
114,592

Gross profit
$
45,521

 
$
37,222

 
$
52,282

 
$
44,438

Properties
 
 
 
 
 
 
 
Revenue
$
8,986

 
$
1,981

 
$
12,038

 
$
1,981

Cost of revenue
9,088

 
2,030

 
12,430

 
2,036

Gross profit
$
(102
)
 
$
(49
)
 
$
(392
)
 
$
(55
)
Other
 
 
 
 
 
 
 
Revenue
$
2,798

 
$
2,296

 
$
4,715

 
$
3,791

Cost of revenue
3,004

 
2,509

 
5,695

 
4,839

Gross profit
$
(206
)
 
$
(213
)
 
$
(980
)
 
$
(1,048
)
Consolidated
 
 
 
 
 
 
 
Revenue
$
142,642

 
$
104,935

 
$
222,536

 
$
164,802

Cost of revenue
97,429

 
67,975

 
171,626

 
121,467

Gross profit
$
45,213

 
$
36,960

 
$
50,910

 
$
43,335

Operating expenses
42,756

 
32,688

 
85,628

 
67,186

Net income (loss)
$
3,207

 
$
4,304

 
$
(33,232
)
 
$
(23,762
)