Redfin CEO says ‘change is good’ in blog about commissions

Two days before the implementation of new cooperative compensation rules, Redfin CEO Glenn Kelman explained what the changes will mean for consumers and the industry at-large. Continue reading

Former Ribbon team launches AI-fueled home transaction platform

The team that founded EasyKnock-acquired power buyer Ribbon has launched Indigo, an artificial intelligence-powered transaction management and home search platform. The platform is only available in Charlotte and is free to use until Oct. 1. Continue reading

Realtor.com revenue drops 2% as traffic, lead volume remain flat

Realtor.com parent company Move Inc. saw its fiscal Q4 revenue decrease 2 percent yearly to $143 million as traffic to the site stalls at 74 million average monthly unique visitors. Continue reading

Zillow Group names Jeremy Wacksman as new CEO

After five years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past what Barton calls the “Portal 1.0” experience. Continue reading

Zillow Q2 revenue exceeds expectations, grows 13% to $572M

Better-than-expected residential segment results bolstered Seattle-based portal Zillow’s Q2 performance, which saw growing revenues and slimming losses as they zero in on creating a ‘fully-integrated’ homebuying experience. Continue reading

Rival portal execs team up against a common foe: MLS red tape

Executives at Redfin and Zillow made the case at Inman Broker Connect that consumers would benefit from more universal standards of data sharing by MLSs. But the path to such a future is rocky, they said. Continue reading

Realtor.com revenue drops 6% as traffic growth remains flat

Realtor.com parent company Move Inc. saw its fiscal third-quarter revenue decrease 6 percent yearly to $132 million as traffic to the site stalls at 72 million average monthly unique visitors. Continue reading

Zillow launches ‘Home Just Got Real’ ad campaign

Just in time for spring homebuying, portal powerhouse Zillow has released a new ad campaign aimed at celebrating the persistence of millennial and Gen-Z homebuyers amid market headwinds. The ad series, “Home Just Got Real,” includes two 30-second and o… Continue reading

Homes.com gets analyst boost amid 567% annual traffic spike

Despite the initial controversy, Homes.com isn’t letting up on its traffic war with Zillow, Realtor.com and Redfin. The CoStar-owned portal reported late last week that it reached 149 million unique visitors in February, which equals a mind-boggling 56… Continue reading

Redfin CEO: With commissions in peril ‘cooperation may crumble’

Kelman said during virtual Inman Connect on Wednesday that pressure from the bombshell lawsuits and the Department of Justice may ultimately lead to “a different world” than the one that exists today. Continue reading