Realtor.com CEO: ‘Zillow took that crown off us — and I want it back’

During Inman Connect on Tuesday, Damian Eales, Realtor.com’s newly installed CEO, revealed the marching orders he’s received from Rupert Murdoch as he aim to scale the top of the portal game. Continue reading

Will the second quarter of 2023 match real estate’s Q1 meltdown?

Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading

Here’s how CoStar can beat Zillow and win the real estate portal wars

CoStar is already borrowing a page from other big insurgent companies including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel. Continue reading

US home prices projected to grow ‘convincingly’ in 2024: Economist

Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won’t stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday. Continue reading

‘Voluntary moves are gone’: Why today’s buyer looks so different

More buyers today are moving because they have to. Here’s what they look like — and how agents are courting their business in a down market. Continue reading

Meade High School, Kelly Moss and the rise of fake real estate listings

Two fake Zillow listings went viral at the end of May — one a high school senior prank and the other resulted in buyers losing thousands. Here’s how to save clients from online scammers. Continue reading

Missing middle: Home shortage for middle-income buyers hits 320K

The U.S. needs to not just build more new homes, but build more new homes that are affordable to most people, according to a new report from the National Association of Realtors and Realtor.com. Continue reading

Robert Reffkin: Sub-4% mortgages are ‘handcuffs’ for home inventory

In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3 percent mortgage rate “as a financial asset” — at least for now. Continue reading

David Doctorow steps down as CEO of Realtor.com parent Move, Inc.

Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown. Continue reading