Airbnb earned $10B last year, more than double pre-pandemic

The company earned $9.9 billion in total revenue for the year, nearly half of which was company profit. That is more than double the total revenue the company earned in 2019, before the pandemic upended travel. 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

Anywhere Real Estate appoints new chief technology officer

Former Capital One executive Rudy Wolfs is Anywhere’s new chief technology officer. As CTO, Wolfs will lead the franchisor’s tech and product strategy, which includes recruiting more tech talent and streamlining the company’s suite of products for brok… Continue reading

RE/MAX’s Motto Mortgage makes Entrepreneur’s ‘Franchise 500’ list

“Mortgage brokerage in a box” makes Entrepreneur’s list of top franchise opportunities for a 5th consecutive year, despite challenging conditions for mortgage lenders. Continue reading

NAR REACH’s new class of Down Under proptechs largest yet

Introduced in 2019, the Australia and New Zealand REACH program is Second Century Venture’s longest running international technology incubation and mentorship effort Continue reading

Earnnest begins rollout of escrow-as-a-service

The new service, available to date only in Massachusetts, where Earnnest has secured a brokerage license, is designed to alleviate the cost, management demands and above all else, legal risk of holding deposits in escrow. The company is looking to rapi… 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

For proptech adopters, waiting is one of the hardest parts: Triple-I

Brokerage leaders are still waiting to see the returns on their 2023 technology investments, according to the latest results from the Inman Intel Index. Read on for the biggest takeaways. 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