Surprises, setbacks and shifts: Q3 2024 earnings
Real estate giants report mixed results in Q3 earnings statements, as market shifts put profitability and growth strategies to the test
by Jessi Healey Nov 7
Revenue grows and losses widen for Redfin in Q3
Seattle-based brokerage and portal Redfin's Q3 revenue grew 3% year over year to $278M. However, the company's net losses ballooned 77.8%, according to Thursday's earnings
by Marian McPherson Nov 7
Realtor.com parent Move sees revenue inch down in Q3
Move's overall revenue dipped 1% between July and September, while revenue from its real estate business — including Realtor.com — dropped 4%, according to Q3 earnings data released Thursday
by Jim Dalrymple II Nov 7
CoStar moves one step closer to securing Arlington HQ
CoStar Group inked a deal with a longtime tenant of its new Arlington HQ. The tenant agreed to downsize to two floors, giving CoStar enough space for the 500 employees moving to the new HQ
by Marian McPherson Nov 4
CoStar Group clinches another victory in theft of trade secrets suit
A California judge on Monday dismissed a pair of Move's computer fraud claims against CoStar Group and a former Realtor.com editor accused of stealing trade secrets
by Marian McPherson Oct 30
'Danger Report' sequel lays out 20 'opportunities' for real estate
The Opportunity Report calls for NAR to regain the trust of its members by making political advocacy its central mission, sunsetting the 3-way agreement and reforming its governance
by Andrea V. Brambila Oct 23
CoStar acquires management platform Visual Lease
Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar's core commercial real estate business
by Jim Dalrymple II Oct 22
Brokers envision existential threat to MLS in Clear Cooperation debate
In a webinar Tuesday, Keller Williams' Jeff Hickey, NextHome's James Dwiggins, Miami MLS's Liz Sturrock and Seven Gables' Mike Hickman clashed over the future of NAR's pocket listing rule
by Andrea V. Brambila Oct 16
Realtor.com claims former editor violated federal act in new filing
The filing claims former Realtor.com editor James Kaminsky violated the 1986 Computer Fraud and Abuse Act when he accessed Move-owned files after being laid off
by Marian McPherson Oct 8
Latest updates show Matterport's downmarket move no longer virtual
The release of a de-furnishing and automated listing description tools confirm the digital twin leader's effort to reach deeper into the middle of the market. Its Homes.com affiliation won't hurt
by Craig C. Rowe Oct 1
CoStar Group dismisses year-old lawsuit against Homesnap founder
The residential and commercial real estate company sued over misuse of trade secrets in 2023, but revealed in a new court filing that a rival tech platform's 'limited nature' is no longer a threat
by Jim Dalrymple II Sep 4
Big Brother’s little brothers are watching you
Opinion
Feeling like your listings are under scrutiny? They are. Bernice Ross lets you know more about the tools and techniques MLSs are using to ensure compliance with new commission rules
by Bernice Ross Sep 4
Rupert Murdoch's REA Group eyes UK's biggest real estate portal
Murdoch's Australia-based News Corp subsidiary announced on Monday that it was considering a cash and stock offer for the UK's largest real estate portal
by Taylor Anderson Sep 3
Ex-Move staffer accessed dozens of disputed files at CoStar: Experts
James Kaminsky, a former Realtor.com editor accused of taking trade secrets with him to CoStar, transferred access to at least 40 documents 2 days before he left the job, according to legal filings
by Taylor Anderson Aug 28
Which companies saw 'rich and famous' cash flow in H1 2024?
Portals remain some of the most profitable businesses in real estate, while brokerage company profitability is more business model-dependent
by Mike DelPrete Aug 27