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

Zillow’s super app is taking shape with the agent front and center

ShowingTime+, an offshoot of Zillow, has released Listing Showcase, a new way to market listings on the popular consumer search site. Continue reading

Home value hits all-time high in June as owners cling to low rates

The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent. Continue reading

How early adopters in real estate learned to stop worrying & love AI

Less than a year after becoming publicly available, tools like ChatGPT and DALL-E have inspired brokers to explore — and integrate — artificial intelligence, a rigorous process of trial and error, they told Intel. Continue reading

Fredrik Eklund swaps coasts in move from Los Angeles to Miami

With the move, Eklund also announced that he and husband Derek Kaplan will be renting out their 5,700-square-foot Beverly Hills home for $50,000 per month. He cited increased business and his children’s education as key reasons for their relocation. Continue reading

Property investing is so hard, even Spencer Rascoff steers clear of it

The co-founder of Zillow and Pacaso just isn’t that into traditional real estate — at least as an income-generating investment, he told Arrived CEO Ryan Frazier in a recent interview. 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

Zillow rolls out AI-powered ‘super listing’ tool

Listing Showcase is part of Zillow’s new ShowingTime+ brand and is currently available to a select group of agents that partner with the portal giant, according to the company. Continue reading

US needs 4.3M homes to close the affordability gap: Zillow

During 2021, there were 8 million “missing households” across the country — families without homes of their own — compared to just 3.7 million housing units available for rent or sale, according to Zillow. Continue reading

Housing starts see biggest increase since 2016

Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7 percent jump from April and 5.7 percent higher than the levels recorded in May 2022, according to U.S. Census Bureau data. Continue reading