Former Realtor.com editor declares innocence in new filing

The editor at the center of the theft of trade secrets lawsuit between portal rivals Move and CoStar Group filed a 36-page statement in support of CoStar’s expedited discovery request. Continue reading

Bulletproof Ohio home goes under contract after multiple offers

The home was listed for $399,900 over two weeks ago. Listing agent Jon Modene refers to the home as having “the strangest and greatest potential I have ever seen.” Continue reading

Palm Beach, a suburb? Not likely, residents say

Residents were taken aback when GoBanking.com recently categorized the luxury haven as a “suburb.” Local agents agree that Palm Beach is “a category by itself.” Continue reading

CoStar puts former Realtor.com editor on leave amid lawsuit

CoStar Group has put former Realtor.com News and Insights editor James Kaminsky on leave in response to Move’s objections to sharing confidential information amid its trade secrets lawsuit. Continue reading

Housing inventory is roaring back to life. So why aren’t new listings?

Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what’s working in the latest polling from Inman Intel. Continue reading

CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M

CoStar Group’s revenue grew 12 percent year over year to $678 million, according to Q2 earnings Tuesday. Traffic for the Homes.com Network of websites increased 73 percent year over year to 148 million monthly average unique visitors. Continue reading

Cost of insurance, property tax top triggers of mortgage delinquencies

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com. Continue reading

Move calls on court to stop CoStar Group’s use of ‘unauthorized’ files

Two weeks after filing a theft of trade secrets lawsuit against CoStar Group, Move now wants CoStar to hand over Move-owned files and electronic devices used by former Realtor.com News and Insights Editor James Kaminsky. Continue reading

Despite declines, rents are still $305 higher than pre-2020 trends

Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest. Continue reading

Market headwinds stifled new construction growth in June

High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains. Continue reading