CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading

The 20 biggest luxury beach sales of 2021 (so far)

From mansions in Palm Beach, Florida, and Malibu, California, to an estate on Hawaii’s Big Island, here are the most expensive beach home sales in 2021. Continue reading

The 20 biggest luxury mountain sales of 2021 (so far)

Traditional mountain resort towns like Aspen and Vail were extremely popular in 2021 with ultra-rich buyers looking for places to wait out the pandemic. Continue reading

Compass stock, market cap tumbles to new low

The company’s shares ended Monday trading at $10.74, down significantly compared to when they debuted about six months ago. The drop reduced Compass’ valuation to $4.2 billion. Continue reading

The biggest takeaways from Coldwell Banker Gen Blue event

The pandemic, a big acquisition and the specter of Zillow were all significant parts of Coldwell Banker’s latest gathering. Continue reading

Zillow Housing Hackathon winners create renter affordability app

The HBCU Housing Hackathon was a seven-day virtual competition to challenge students to create and pitch tech solutions to help consumers overcome obstacles in finding a home. The winning team was from Morehouse College. Continue reading

Zillow, ShowingTime and why lack of competition kills customer service

The Zillow-ShowingTime deal is what a modern-day monopoly might look like. As fewer companies dominate the scene and own the software it takes to run a real estate business, prices will go up while customer service and innovation decline. Continue reading

Essential workers sacrifice space and home age to afford their rent: Zillow

Millions of renters throughout the U.S. are often forced to choose smaller and older homes to afford their rent, according to a recent report from Zillow. Continue reading

Zillow wraps ShowingTime deal as feds continue FTC investigation

The $500 million deal was first announced in February, and it prompted a heated debate among ShowingTime users. Despite the deal closing, the FTC is reportedly still seeking information from the companies. Continue reading

Why REX pays buyer agents and uses MLSs — sometimes

REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading