Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows. Continue reading
CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, the second largest real estate classifieds firm in Australia behind News Corp-owned REA Group. Nine’s target price is AUD 2.79 billion. Continue reading
Compass CEO Robert Reffkin argued against Clear Cooperation Wednesday during an Inman on Tour session in Nashville while warning that “data is the new oil” amid predictions of a national MLS. Continue reading
Private equity firm Stone Point Capital is seeking to grow Keller Williams and ultimately cash out, analysts told Inman. That expansion could come from new tech, an IPO, or something else entirely. Continue reading
Virginia-based portal CoStar Group has finished its acquisition of spatial mapping company Matterport. The companies expected to finish the deal by the end of March, putting them 31 days ahead of schedule. Continue reading
Total revenue was $169.7 million, up 8 percent compared to a year earlier, boosted by its 1.2 million subscribers as the company bolstered its ongoing revenue streams. Continue reading
CoStar Group announced plans on Monday to add 1,000 new employees to its Richmond, Virginia, campus. The hiring push also comes with cuts to a number of unspecified teams. Continue reading
Matterport continues its shift into becoming a more comprehensive marketing partner to the real estate industry with the launch of its latest software offering, Matterport Marketing Cloud. Continue reading
Virginia-based portal CoStar Group grew its revenue 11 percent in Q4, to $709 million, executives said Tuesday. Traffic to Homes.com Network remained steady, with 110 million average monthly unique visitors. Continue reading
On the same day Redfin announced a new partnership to syndicate Zillow rental listings in multifamily buildings, the company said it would eliminate the positions of approximately 450 employees. Continue reading