Move class-action lawsuit shines harsh light on network’s paid leads

Disconnected phones, undeliverable emails and presumed scams have all become more common, customers of Move’s network of companies told Inman in the wake of the Aug. 23 class-action suit. Continue reading

CoStar touts forensic evidence in new filing against Move

CoStar filed a motion on Wednesday asking the court to deny Move’s amended preliminary injunction due to forensic data that allegedly proves a former Realtor.com editor never shared Move-owned files with the company. Continue reading

Redfin lays off nearly 100 Redfin Concierge service employees

Seattle-based brokerage and portal Redfin laid off almost 100 Redfin Concierge support and sales managers on Thursday. The company said agents will now take the lead on Concierge services. Continue reading

Zillow Q2 revenue exceeds expectations, grows 13% to $572M

Better-than-expected residential segment results bolstered Seattle-based portal Zillow’s Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a ‘fully-integrated’ homebuying experience. Continue reading

Realtor.com CEO: Take Homes.com claims with a grain of salt

In his second Inman Connect appearance of the year, Realtor.com CEO Damian Eales addressed an intensifying rivalry with Homes.com and what his company is doing to lead the charge on preserving buyer agency amid upcoming commission changes. Continue reading

Compass posts gains in revenue and agent count in Q2 earnings

Compass brought in $1.7 billion in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday. Continue reading

Zillow CEO Barton: We’re moving beyond the ‘Portal 1.0’ experience

In his first Inman Connect appearance since 2021, Zillow CEO Rich Barton discussed accelerating tech innovation and the next evolution of the residential portal experience. Continue reading

Rival portal execs team up against a common foe: MLS red tape

Executives at Redfin and Zillow made the case at Inman Broker Connect that consumers would benefit from more universal standards of data sharing by MLSs. But the path to such a future is rocky, they said. Continue reading

CoStar CEO: We’re focused on ‘selling the house’

Andy Florance suggested rival portals are more interested in selling leads than houses and called a lawsuit against his company a “PR stunt.” Continue reading

Judge rules in favor of CoStar, grants expedited discovery

California District Judge George Wu granted CoStar’s request for an expedited discovery in Move’s theft of trade secrets lawsuit against the portal. Both parties have until Aug. 5 to agree on the terms of the discovery. Continue reading