CoStar CEO likens Zillow’s StreetEasy to blackmail

Andy Florance on Tuesday positioned his company’s upcoming New York City portal as an alternative to Zillow-owned StreetEasy. Continue reading

CoStar revenue rises to new heights in latest earnings report

The company pulled in $499 million in revenue during the third quarter of this year. That’s a 17 percent jump compared to last year at the same time. Continue reading

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading

SEE: First pictures of SERHANT’s new state-of-the-art Soho office

Boasting studios for podcasting and video production, Ryan Serhant’s flagship brick-and-mortar office in Manhattan aims to reimagine the modern brokerage. Continue reading

Broker confidence in New York City plummets to record low

The ongoing coronavirus pandemic has left brokers more pessimistic than ever about the present, though they are more upbeat about the future. Continue reading

REBNY to temporarily end ‘days on market’ calculation

The Real Estate Board of New York is eliminating the “days on market” calculation for its members’ listings. Continue reading

Landlords halting evictions amid coronavirus emergency

A coalition of landlords in New York City promised on Friday to stop evictions in most circumstances for the next 90 days. Continue reading

New York broker fee ban paused amid industry lawsuit

On Monday, a judge issued a temporary restraining order for a rule that would shift the burden of paying the fees from tenants to landlords. Continue reading

Brokerages, REBNY to sue New York state over brokers’ fee adjustment

The trade association confirmed it plans to file a lawsuit on Feb. 10 over new guidance that would have landlords in New York City pay brokers’ fees. Continue reading