Q2: Multifamily rent slows in latest sign of rental market cooldown

Current CoStar report finds ‘a continued downward trend in rent growth,’ as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth. Continue reading

CoStar debuts Citysnap search portal as Zillow rivalry continues

The Citysnap real estate search portal includes homes for sale and rent in New York City. It also represents the latest chapter in a rivalry between CoStar and Zillow. Continue reading

Take a look at what CoStar calls the empowering ‘Listing of the Future’

New feature set to provide more information about each individual property, including 3D tours, photos and the view out the window. ‘Getting on a prospect’s short list is very important.’ Continue reading

Is Microsoft gearing up to compete with Zillow for rental market share?

Company is hiring staffers in China for a “revolutionary” real estate venture focused on improving the search for long-term rentals. Continue reading

Brokerages push back on NAR ad campaign targeting ‘competitors’

The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it’s competing with for consumer mindshare. Continue reading

Fed decides the fate of the housing market: The Real Word

This week, Byron Lazine and Nicole White discussed how the Fed’s decision will impact the housing market, CoStar’s plans for Homes.com and the TikTok-famous Marketeer of the Week. Continue reading

CoStar eyes ‘ambitious’ investment in residential following banner Q1

The commercial behemoth is ramping up spending by as much as $220 million, with “well over” 1,000 people overhauling its residential websites, CoStar CEO Andy Florance said during an earnings call Friday. Continue reading

Inman Connect returns: Big parties, tech’s reckoning and a Zillow pile-on

The event wrapped up this week after a two-year, pandemic-forced hiatus — and highlighted all the ways the real estate industry is still evolving. Continue reading

Realogy CEO Ryan Schneider: Make no mistake, ‘Zillow is a competitor’

Ryan Schneider said Zillow is competing with agents and lamented they’re still writing checks to the company. “It is a shame our industry let those companies get created,” Schneider said at ICNY. Continue reading