The upending of NAR’s cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they’re adopting to suit the moment. Continue reading
After 10 years, Homes.com President Dave Mele has left the company to pursue other opportunities. Mele was instrumental in CoStar Group’s acquisition of the company in 2021 for $156 million. Continue reading
The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net … Continue reading
Despite the initial controversy, Homes.com isn’t letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 56… Continue reading
CoStar Group is trading its Washington, D.C., digs for a new HQ in Arlington, Virginia. The company will move to the new building in 2025, creating 150 jobs in the process. Continue reading
Luring high-income renters into homeownership will only become more challenging as costs stay high, according to experts and a survey of US consumers conducted by Dig Insights and Inman. Continue reading
Realtor.com is ramping up its competition with rival portals heading into the new year as it rolls out enhanced listing-focused products for agents, Chief Marketing Officer Mickey Neuberger told Intel exclusively. Continue reading
In the opening remarks of CoStar Group’s Q3 earnings call Tuesday, CEO Andy Florance revealed to investment analysts the company’s grand plan to make Homes.com the portal of the future. Continue reading
CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic. Continue reading
Ahead of Q3 earnings, Inman took a dive into the top five real estate portals’ traffic data. Zillow still leads the pack, but stiff competition has emerged from old — and new — industry entrants. Continue reading