Move Inc. sees 13% revenue decline as Realtor.com traffic improves
The Realtor.com parent company saw revenue decline 13% to $127M in the fiscal 2nd quarter. Mobile and website annual traffic growth remained flat, improving from Q1's 12% loss
by Marian McPherson Feb 12
Real estate CEOs: Big impact from commission suits 'improbable'
The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions
by Jim Dalrymple II Nov 17
Realtor.com suffers double-digit drop in quarterly revenue, traffic
Realtor.com parent company Move Inc.'s revenue declined 16% to $142M in the fiscal first quarter. Despite the loss, CEO Robert Thomson remained bullish about the portal's long-term prospects
by Marian McPherson Nov 9
Realtor.com chief: Buying without an agent was 'terrifying'
Damian Eales lauded the American system of having agents representing buyers and sellers, but said that change is likely coming thanks to lawsuits and the DOJ
by Jim Dalrymple II Nov 2
The internet fell hard for real estate in 2021. But can the love affair last?
Nearly 3 years after 'Saturday Night Live' declared 'real estate is your sex now' in a popular Zillow parody, mind share around the industry is sagging, according to an Intel analysis of traffic data
by Jim Dalrymple II Aug 23
Despite Q2 decline, Realtor.com says it's ready to take on CoStar
Realtor.com parent company Move's quarter and yearly revenues have slipped, with the company bringing in $602M for the full year. But despite struggles, News Corp's CEO is confident in the brand
by Marian McPherson Aug 10
Will the second quarter of 2023 match real estate's Q1 meltdown?
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
by Jim Dalrymple II Jul 26
David Doctorow steps down as CEO of Realtor.com parent Move, Inc.
Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown.
by Taylor Anderson Jun 1
The portal wars: Can any challenger seize the throne from Zillow?
Zillow has the most traffic, according to an analysis by Intel, but at least 1 rival is growing rapidly in what one observer compared to a Game of Thrones-style gauntlet run
by Jim Dalrymple II May 24
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
News Corp. headquarters
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'
by Ben Verde Mar 8
Rupert Murdoch drops $30M on full-floor pad, Central Park views
Murdoch, the News Corp founder and business magnate, has signed a contract to buy the entire 27th floor of the Hampshire House in Manhattan. It's only his latest purchase in recent years
by Taylor Anderson Feb 24