CoStar, Zillow, RE/MAX among 118 firms sued by law enforcement

Atlas Data Privacy Corp. alleges the companies disclosed home addresses and unpublished home phone numbers for judges, police officers, prosecutors and their families. Continue reading

‘The vibe is pretty good’ as first earnings season of 2024 kicks off

Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. Continue reading

Zillow revenue rises in Q4 as Barton touts portal’s ‘household name’

Despite a slower market, Zillow saw revenue from its residential, rental and mortgage business rise in the fourth quarter of 2023, according to an earnings call Tuesday. Continue reading

Office space fallout raises more questions about regional banks

Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector. Continue reading

CoStar to spend a billion dollars on marketing in fight for portal crown

The company plans to advertise during the Super Bowl and other major cultural events in what it describes as the “biggest marketing campaign in real estate history.” Continue reading

CoStar takes portal war to YouTube, promises new platform

In three star-studded advertisements for Homes.com that appeared on YouTube over the weekend, the CoStar Group teases a “revolutionized” shopping experience ahead of Super Bowl Sunday. Continue reading

Compass CEO Robert Reffkin comes out in favor of Homes.com

On Thursday, in conversation with Brad Inman at ICNY, Reffkin weighed in on the portal wars, predicted an improved market in 2024 and revealed he takes public transit around New York. Continue reading

Blame ‘Ziltorfin’: CoStar CEO says competitors souring industry rep

During his latest ICNY appearance CoStar Group CEO Andy Florance chastised Zillow, Redfin and Realtor.com for prioritizing their bottom line to the detriment of buyers and listing agents. Continue reading

Broker Public Portal appoints former RE/MAX exec as CEO

Dan Troup will lead a company founded by brokerages and MLSs, which aims to build an alternative to big portals such as Zillow and Realtor.com. Continue reading