CoStar Group looks to hire 1K employees in 2025

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

Pending home sales fall 4.6% to an all-time low, NAR says

The Pending Home Sales Index (PHSI), which tracks home sales based on contract signings, dropped 4.6 percent to 70.6 in January, marking an all-time low, while pending transactions fell 5.2 percent year over year. Continue reading

Home values have surged at 2X the normal rate since pandemic

Since 2020, U.S. home values have risen by 45.3 percent. In other words, more than 10 years of typical home value growth has been packed into a five-year period, a new report from Zillow shows. Continue reading

BridgeMLS adds Roomvo AI visualizations to search platform

Homebuyers using bridgeMLS’ search site can now virtually redesign rooms using Roomvo’s Inspire tool. The tool includes preset design styles, wall and floor finishings, and decor add-ons. Continue reading

Matterport Marketing Cloud pushes power of digital twins

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

New-home sales plunge 10.5%, fall below expectations

Sales of newly built single-family homes declined during January, falling well below consensus estimates, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading

NAR makes $197M commission suit settlement payment

At least some of the payout will come from NAR’s reserve funds, including operating reserves and those collected from members specifically for lobbying and to advertise the Realtor brand. Continue reading

Offerpad losses mount as iBuyer acquires and sells fewer homes

At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent.. Continue reading

MoxiWorks partner network adds reputation manager

The software gives agents a number of tools and tactics to solicit, publish and broadcast how their customers react to their relationship and craft their reputation in the market. Continue reading

MoxiWorks partner network adds reputation manager

The software gives agents a number of tools and tactics to solicit, publish and broadcast how their customers react to their relationship and craft their reputation in the market. Continue reading