Here’s who sank and who soared in Q1 2024 earnings

Q1 2024’s real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We’ve compiled the key highlights in one place. Here’s what you might have missed. Continue reading

Realtor.com CEO delivers full-throated speech in support of NAR

Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar’s earlier claims about Homes.com’s growing traffic. Continue reading

Realtor.com CEO delivers full-throated speech in support of NAR

Realtor.com CEO Damian Eales took to the podium on Monday at the MLS Forum of the Realtors Legislative Meetings to refute rival CoStar’s earlier claims about Homes.com’s growing traffic. Continue reading

Move Inc. sees 13% revenue decline as Realtor.com traffic improves

The Realtor.com parent company saw revenue declined 13 percent to $127 million in the fiscal second quarter. Mobile and website annual traffic growth remained flat — an improvement from Q1’s 12 percent loss. News Corp CEO Robert Thomson said he’s hopef… Continue reading

Share of homebuyers looking to move cities hits new high

Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests. Continue reading

A 4-decade first, TopProducer rolls out lead-gen features

“Before coming to the market with our first lead product to connect consumers with real estate professionals, we wanted to create even more meaningful conversations for agents by enhancing our proven lead engagement technology,” TopProducer’s Kerm Folt… Continue reading

Realtor.com parent Move saw traffic and revenue fall in Q1

Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company’s first-quarter earnings report. Continue reading

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading

News Corp will slash 1,250 jobs following rough real estate earnings

Move Inc. revenue fell $23 million in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale. Continue reading

CoStar considering purchase of Realtor.com parent: Report

Acquiring Realtor.com would significantly advance CoStar’s push into residential real estate — and bring it into greater conflict with the industry’s existing power players. Continue reading