Tag Archives: portal

You won’t believe how different these foreign markets are

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Canada has shorter mortgage terms, which are now forcing people to move. Meanwhile in Australia, most buyers don’t even use agents. Continue reading →

Team of rivals: Zillow, Redfin unite to share new construction listings

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New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading →

Realtor.com chief brushes off major Q1 drop in traffic

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David Doctorow attributed Realtor.com’s reduced traffic to a slower market and argued that his company’s sites have superior engagement than competitors. Continue reading →

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

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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 →

Zillow begins ‘critical’ year with mounting losses, falling Q1 revenue

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Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales. Continue reading →

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

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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 →

CoStar Group bucks sluggish market as revenue jumps 13% in Q1

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The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading →

Zillow gets vote of confidence from JP Morgan analysts

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Analysts gave Zillow an “overweight” rating, which means they expect Zillow to outperform peer companies. The report also sets Zillow’s share price target at $48 by December of this year. Continue reading →

Despite slow market, CoStar sees revenue and profit rise in Q4

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The company’s revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar’s push into residential real estate. Continue reading →

CoStar cuts 100 jobs amid Homes.com restructuring

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The cuts are part of an effort to integrate Homes.com with Homesnap and come at the tail end of a year in which CoStar has moved aggressively into the residential real estate sector. Continue reading →