Author Archives: Taylor Anderson

Matterport trimmed losses in the months before CoStar purchase

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The company’s net loss was 36 percent less than in 2023, according to Matterport’s earnings from the quarter. Revenue rose 5 percent for the quarter. Continue reading →

Hyatt, Hilton among those accused of price-fixing in new antitrust suit

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A lawsuit filed last week in California alleges the hotel industry engaged in illegal price-fixing using AI software. Continue reading →

Distress in office sector climbs to 12-year high, new report says

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Over $38 billion in office buildings show signs of distress in downtowns across the nation as the sector continues to struggle through the high rate environment. Continue reading →

The good, bad and ugly: Rating the media’s commission coverage

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After the National Association of Realtors announced its proposed commission settlement in March, mainstream media covered the historic news with mixed results, an Inman analysis shows. Continue reading →

Is NAR a net-positive? It depends if you ask an agent or a broker: Intel

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These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively. Continue reading →

HomeServices of America agrees to pay $250M to settle lawsuits

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HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion. Continue reading →

Sitzer judge grants preliminary approval for NAR settlement

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Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were “fair, reasonable and adequate” and set a final approval hearing for November. Continue reading →

CoStar to acquire 3D scanning company Matterport for $1.6B

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Matterport’s board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion. Continue reading →

Weeklong BoomTown outage was caused by hackers, CEO confirms

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On Wednesday, executives told customers that a “security incident involving a malicious third party” caused the outage that has disrupted thousands of brokers and agents since last week. Continue reading →