The portal is on track to reach co-founder Rich Barton’s $5 billion revenue goal, Zillow CFO Jeremy Hofmann said Wednesday at Morgan Stanley’s Technology, Media & Telecom Conference. 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
The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan, noting he has a “wealth of experience” to lead the financial watchdog. Continue reading
CoStar is eying Australian real estate classifieds firm Domain for a rumored $2.7 billion. The purchase would put it toe-to-toe with News Corp, which owns REA Group, Australia’s largest classifieds firm. Continue reading
Realtor.com parent company Move’s revenues grew 2 percent year over year to $130 million in Q2. However, market headwinds are still suppressing lead volume and traffic growth. Continue reading
Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month — the slowest pace since 2020. Continue reading
The Federal Communications Commission is pushing the Telephone Consumer Protection Act’s one-to-one consent requirement to next year, due to an appeals court ruling questioning the FCC’s definition of prior express consent. Continue reading
As the rivalry with CoStar Group simmers, Realtor.com CEO Damian Eales is focused on housing policy and bridging gaps between the industry and consumers, he told a crowd Thursday at ICNY. Continue reading
In his first Inman Connect appearance since becoming Zillow’s CEO, Jeremy Wacksman talked about the Super App, artificial intelligence and why maintaining Clear Cooperation is what’s best for agents and consumers. Continue reading
Seattle-based brokerage Redfin has begun the year by laying off 46 employees, including managers in its headquarters, program, and field leadership roles. No agents were part of the layoffs, a spokesperson told GeekWire, which broke the news Thursday a… Continue reading