5 key charts that illuminate real estate's Q1 earnings season
Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren't panicking
by Daniel Houston May 17
Realtor.com chief brushes off major annual drop in traffic
David Doctorow attributed Realtor.com's reduced traffic to a slower market and argued that his company's sites have superior engagement than competitors
by Jim Dalrymple II May 15
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 1 year earlier, according to the company's Q1 earnings report
by Jim Dalrymple II May 11
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
by Jim Dalrymple II May 3
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
by Jim Dalrymple II Apr 25
Office vacancy rises above Great Recession levels to record high
Nationwide vacancy in office buildings is at 12.9%. Availability of space is at 16.4%. Both are record highs, according to a new report from CoStar
by Taylor Anderson Apr 13
Apartment sales plunge 74%, fastest drop since Great Recession
Interest rates to blame as investors who scooped up multifamily buildings throughout the early years of COVID-19 pull back, according to a new report
by Taylor Anderson Apr 5
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% of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis
by Ben Verde Mar 24
Real estate took a drubbing in Q4, but some companies still surprised
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves
by Jim Dalrymple II Mar 2
CoStar will not acquire portal Realtor.com after all
Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business
by Jim Dalrymple II Feb 21
Despite slow market, CoStar sees revenue and profit rise in Q4
The company's revenue jumped 13% year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar's push into residential real estate
by Jim Dalrymple II Feb 21
Zillow sees revenue dip in Q4, but manages to trim losses
The portal giant brought in $435M in revenue during the fourth quarter of last year and lost $72M, according to 4Q22 earnings released Wednesday afternoon
by Jim Dalrymple II Feb 15
Cost cutting and existentialism: What to expect from earnings
Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive
by Jim Dalrymple II Feb 15
News Corp will slash 1,250 jobs following rough real estate earnings
Move Inc. revenue fell $23M in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale
by Taylor Anderson Feb 10
Spencer Rascoff on CoStar-Move Inc. rumors: '$3B seems a little low'
Pioneers of consumer-first online home search weighed in from Inman Connect New York Wednesday on rumors that CoStar approached News Corp about purchasing Move Inc.
by Craig C. Rowe Jan 25