CoStar sees revenue, profit jump in Q3 despite slowing housing market

In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer. Continue reading

‘The Airbnbust is upon us’: A tweet hints at Airbnb’s fall. But is it right? 

Social media users claim short-term rental bookings are collapsing. But the data tells another story. Inman reached out to Airbnb and to some experts who follow the short-term rental space. Continue reading

Expect more mergers, acquisitions, consolidations and liquidations: Mike DelPrete

The real estate industry is in the midst of a massive financial reckoning. Amidst this turmoil, the industry is bifurcating into predators and prey — companies that have the resources to expand through acquisition and those burning cash that are vulner… Continue reading

Nearly a third of income gobbled up by monthly mortgage payments now

The share of income required to afford a mortgage has risen to 30.2 percent, well above the established norm of 22.8 percent of a homeowner’s income, according to an analysis by Zillow released Thursday. Continue reading

Judge orders Zillow to give REX FSBO listing data

Federal court in Seattle grants the discount brokerage’s motion to compel on the grounds that the data could show whether Zillow and NAR caused harm to REX or to competition in general. Continue reading

Gary Keller: Tech firms’ ancillary service strategy a ‘big lie’

During Inman Connect on Tuesday, Gary Keller discussed an array of topics with Inman founder Brad Inman. Keller said companies have to focus on “dollars in, expenses out” as they reach for profitability. Continue reading

Always a bridesmaid, rarely a bride, first-time buyers make big return

First-time homebuyers now make up 45 percent of all transactions, up from 37 percent of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday. Continue reading

Sink or swim, the fate of real estate’s mightiest CEOs will be revealed

Heads will roll and company valuations will sink so low that new outsiders will opportunistically make big acquisitions, Brad Inman writes. Real estate’s Masters of the Universe are on notice. Continue reading

It’s the end of an era as ‘father of the Zestimate’ retires from Zillow

Stan Humphries, most recently Zillow’s chief analytics officer, announced his retirement this month after 15 years with the portal. For better or worse, his work changed real estate forever. Continue reading

What do fast-cooling markets have in common? These 5 offer a hint

In some of the nation’s most quickly slowing housing markets, the number of new listings is twice the number of recent sales, according to an analysis by SmartAsset. Continue reading