After 2 years of hikes, rental market may be bound for ‘complete reversal’

Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests. Continue reading

Redfin CEO: Market correction is ‘sharper’, ‘faster’ than expected

Redfin CEO Glenn Kelman also said the flow of institutions into real estate has made housing more like the stock market, and that brokerages have to either “race to the top” or “race to the bottom.” Continue reading

The run-up of single-family rental prices paused in May: report

The jump in May was still well above the historical average, but it was the first time in 14 months that it hadn’t accelerated over the month before. Continue reading

Q2: Multifamily rent slows in latest sign of rental market cooldown

Current CoStar report finds ‘a continued downward trend in rent growth,’ as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth. Continue reading

CoStar debuts Citysnap search portal as Zillow rivalry continues

The Citysnap real estate search portal includes homes for sale and rent in New York City. It also represents the latest chapter in a rivalry between CoStar and Zillow. Continue reading

Take a look at what CoStar calls the empowering ‘Listing of the Future’

New feature set to provide more information about each individual property, including 3D tours, photos and the view out the window. ‘Getting on a prospect’s short list is very important.’ Continue reading

Is Microsoft gearing up to compete with Zillow for rental market share?

Company is hiring staffers in China for a “revolutionary” real estate venture focused on improving the search for long-term rentals. Continue reading

Brokerages push back on NAR ad campaign targeting ‘competitors’

The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading

Fed decides the fate of the housing market: The Real Word

This week, Byron Lazine and Nicole White discussed how the Fed’s decision will impact the housing market, CoStar’s plans for Homes.com and the TikTok-famous Marketeer of the Week. Continue reading