‘Grow, grow, grow’: Realtor.com’s plan to come out swinging in 2024

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

Redfin CEO: With commissions in peril ‘cooperation may crumble’

Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading

Andy Florance: Zillow isn’t ready for post-commission portal revolution

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 posts 50th-straight quarter of revenue growth in Q3 earnings

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

CoStar lawsuit accuses Homesnap founder of stealing trade secrets

The commercial real estate giant is seeking to stop Homesnap founder Guy Wolcott from marketing a new data-transfer platform, which CoStar alleges is “a copycat” of its own tech. Continue reading

In crucial Q2, real estate separated wheat from the chaff: Intel analysis

The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an exclusive Intel analysis of Q2 earnings data. Continue reading

Even CoStar doesn’t think it will unseat Zillow, DelPrete argues

For all its bluster, CoStar Group likely doesn’t think it can overthrow Zillow to become real estate’s top portal, Mike DelPrete tells Intel. Here’s what the commercial real estate giant is really after. Continue reading

Team of rivals: Zillow, Redfin unite to share new construction listings

New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading

Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading

CoStar posts profitable Q2 as real estate portals tally record traffic

The commercial and would-be residential giant saw revenue jump 13 percent year over year in the second quarter while profit climbed 20 percent, according to a 2Q earnings call Tuesday afternoon. Continue reading