Zillow terminates approximately 3% of staff (but it’s not shrinking)

The company said the terminations were performance-based and part of its typical annual review process. Zillow has open roles for approximately the same number of employees. Continue reading

Investor calls CoStar’s residential project a ‘fiasco,’ slams Homes.com spending

A major New York hedge fund has called on CoStar to divest or shut down its residential real estate business after heavy spending on Homes.com. Continue reading

If not Zillow, then who? Agents spar over preferred portal-war victors

Real estate agents have strong opinions on each of the major players in the so-called “portal wars” between Zillow and its competitors. Intel asked who agents want at the center of the home search. Continue reading

The portal-war endgames that real estate agents actually want: Intel

There’s broad dissatisfaction with Zillow’s primacy in the listing space, according to the latest Intel Index survey of real estate professionals. Here’s what they say they want to see instead. Continue reading

CoStar plans to slash spending on Homes.com through 2030

After investing heavily to create a fourth competing major real estate search portal, CoStar said Wednesday that it would cut spending on Homes.com by 35 percent this year. Continue reading

Analyst: Portals like Zillow face ‘long-term risk’ from Google real estate experiment

Google is displaying real estate listings as search results in some markets — prompting questions about IDX violations and analyst speculation about risks to the portals. Continue reading

Zillow stalemate with Chicago’s MLS looks like it’s coming to a head

In a weekend email to its members, Chicago’s MRED MLS warned that Zillow had been contacting subscribers to say there may be “disruptions” starting in the new year. Continue reading

Zillow’s SkyTour uses complex 3D tech to simplify home search

Zillow Skytour has been released and relies on an obscure 3D capture technology called Gaussian splatting to offer navigable aerial home views. Continue reading

Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’

The luxury broker also said a fixed-rate 50-year mortgage would provide “massive value” to consumers, and expressed exasperation over the volume of industry litigation today. Continue reading