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

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

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

CoStar Group bucks sluggish market as revenue jumps 13% in Q1

The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading

Will migration fizzle out in 2023? History points to existential shift

The migration trends that drove housing demand during the pandemic are ending. But that doesn’t mean people aren’t moving, according to an Inman analysis of historic data. Continue reading

Will an inventory shortage stymie spring? Look to 1994 for clues

This spring won’t be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis. Continue reading

Will spring be a bust? 4 decades of housing data tell a complex story

Past periods of high inflation and high rates — be it in 1979, 1980 or 1990 — have caused the housing market to stall. But they also didn’t crush it forever, according to an Inman analysis. Continue reading

Zillow now accounts for nearly half of all real estate web traffic: Analysis

The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar’s Homes.com leaped by bounds last month, according to an analysis. Continue reading

‘Just a freakish bit of data’: Sticker shock imperils spring home demand

Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come. Continue reading

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

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