Andy Florance: Bombshell lawsuits will upend Zillow’s business model

CoStar CEO Andy Florance dished with Intel about the commission lawsuits, nemesis Zillow and NAR as Homes.com nabbed 100 million unique visitors for the first time ever in September. Continue reading

CoStar’s Homes.com beats Redfin, Realtor.com to become No. 2 portal

In a sign of the listing portal’s growing influence, Homes.com hit more than 100 million unique visitors in September, sparking a 1,290 percent annual increase in traffic. Now the portal is second only to Zillow. Continue reading

Despite Q4 decline, Realtor.com says it’s ready to take on CoStar

Realtor.com parent company Move’s Q4 and FY 2023 revenues slipped by double digits, with the company bringing in $602 million for the full year, according to an earnings call on Thursday. Despite its struggles, News Corp CEO is confident in the brand’s… Continue reading

Economic anxiety accelerated Q1 multifamily rent growth slump

Inflation and recession fears pushed renters away from higher-priced, amenity-rich developments as rent growth at the highest tiers slowed to 1.5 percent annually, according to a new CoStar analysis. Continue reading

CoStar to be included in S&P 500, issues $750M public stock offering

As it seeks to gain footing in the residential space, the online real estate behemoth says it plans to raise funds to keep growing as it joins an elite list of some of the nation’s biggest companies. Continue reading

CoStar, Adena Hefets take top Inman Innovator awards at ICLV

Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at ICLV on Friday. Continue reading

‘It’s about time’: Agents cheer as Zillow braces for portal war in NYC

Agents across New York City were enthusiastic Thursday after CoStar-owned Homesnap and the Real Estate Board of New York announced plans to launch a search portal in 2022. Continue reading

Redfin-owned RentPath names ParkMobile chief exec as new CEO

Jon Ziglar, formerly the CEO of ParkMobile, will lead the newly acquired RentPath’s growth strategy, product expansion and listing integration into the Redfin platform. Continue reading

See who’s speaking at Inman Connect Las Vegas

We just revealed the first round of speakers for Inman Connect Las Vegas (Oct. 26-28), and this one, you’re not going to want to miss. Here’s a sneak peek. Continue reading