Tag Archives: move inc

Realtor.com chief brushes off major Q1 drop in traffic

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David Doctorow attributed Realtor.com’s reduced traffic to a slower market and argued that his company’s sites have superior engagement than competitors. Continue reading →

Realtor.com parent Move saw traffic and revenue fall in Q1

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Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company’s first-quarter earnings report. Continue reading →

Eyes on inventory as Q1 earnings ramp up following a chilling 2022

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Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he’ll be watching as publicly traded real estate companies post Q1 earnings this week and next. Continue reading →

News Corp CEO vows to reenergize Realtor.com after CoStar deal dies

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In remarks at Morgan Stanley’s Technology, Media and Telcom Conference Tuesday, CEO Robert Thomson said growing Realtor.com after its sale to CoStar fell through is a “personal priority.” Continue reading →

CoStar will not acquire portal Realtor.com after all

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Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. Continue reading →

News Corp will slash 1,250 jobs following rough real estate earnings

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Move Inc. revenue fell $23 million in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale. Continue reading →

CoStar considering purchase of Realtor.com parent: Report

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Acquiring Realtor.com would significantly advance CoStar’s push into residential real estate — and bring it into greater conflict with the industry’s existing power players. Continue reading →

Realtor.com’s Move takes a stake in lender matching service Own Up

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The partnership was announced along with a $25 million funding round led by Brand Foundry Ventures, with participation by Move and existing investors Link Ventures and Listen Ventures. Continue reading →

Plaintiffs end suit accusing companies of defrauding agents

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Former sales reps drop claims that Move, its parent company News Corp. and the National Association of Realtors discriminated against them and used them to lie to agents. Continue reading →