David Doctorow, CEO of realtor.com operator Move Inc., says company won't become a broker, lender or iBuyer 'in any foreseeable time period'
The platform provides tools for do-it-yourself landlords, and will now become a part of realtor.com
News Corp. subsidiary Move Inc. says it continues to offer realtor.com's lead gen products such as Connections Plus and Advantage Pro in about 90% of markets across the country
Move parent company News Corp. said revenue declines were primarily due to customer billing relief measures and a weakened real estate market
Opinion
Merging two real estate portals consolidates market and pricing power within one organization and allows a quickened growth pace, but it also allows for an increased value — a good deal for consumers
David Doctorow says realtor.com can contribute to 'helping consumers think about making great homes and, when needed, sell homes' in partnership with the industry
Although News Corp.'s revenues dipped down to $2.27B, realtor.com saw average monthly unique users of its web and mobile sites grow by 6% year over year
A source close to the company told Inman more than 100 employees across Move, the operator of realtor.com, were laid off Tuesday
A changing of the guard at the real estate portal also led to the ousting of 2 longtime executives
The real estate listings portal introduced a new scoring system to rate noise from traffic, airports and local sources
Opinion
Attempts to compete directly with the leading portals — from both upstarts and financially strong runner-up portals — have met with limited success
The parent company of realtor.com owner Move also said revenue from its real estate services declined 5% year-over-year
The real estate industry threw some curveballs. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
David Doctorow previously served in executive roles at eBay and Expedia. He'll report to Tracey Fellows, who had been in the role in an interim capacity
Opinion
As we roll into the next decade, look ahead, think like the consumer, watch for trends and don’t get stuck in the past