Redfin CEO talks lapdogs, wolves and riding out commission shifts
At Inman Connect Las Vegas, Redfin CEO Glenn Kelman described an increasingly complicated commission landscape and the shift brokerages and portals must make
by Marian McPherson Jul 31
Andy Florance calls Realtor.com lawsuit 'PR stunt,' talks future
Florance says Realtor.com lawsuit against CoStar is a response to Homes.com surpassing it in web traffic and takes aim at Zillow
by Taylor Anderson Jul 10
Realtor.com parent sues CoStar Group, claiming theft of portal data
‘Competitors should never be allowed to cheat and steal to get ahead,’ Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar
by Taylor Anderson Jul 3
Time is of the essence with Zillow's latest search filter
Thanks to Zillow's commute time search filter, homebuyers can easily find listings anywhere from 10 to 60 minutes away from their job. The filter is available on Zillow's mobile app
by Marian McPherson Jun 13
Homes.com President Dave Mele to part ways with CoStar
After 10 years, Dave Mele has left Homes.com to pursue other opportunities. Mele was instrumental in CoStar Group's acquisition of the company in 2021 for $156M
by Marian McPherson May 24
Suddenly, it appears that portal traffic is a non-zero-sum game
Estimates of Homes.com’s traffic suggest it's additive to the market and not affecting other portals’ traffic, Mike DelPrete writes. However, that’s not to say it won’t affect their businesses
by Mike DelPrete May 17
CoStar Group tallies Q1 revenue growth on success of Homes.com
CoStar Group's revenue grew 12% year over year to $656M in Q1, according to earnings released Tuesday. CEO Andy Florance credited the change to Homes.com's traffic, subscription growth
by Marian McPherson Apr 23
Greg Schwartz's Tomo launches AI-powered home search platform
Former Zillow executives Greg Schwartz and Carey Armstrong have launched a home search portal under their company, Tomo. The portal is available to homebuyers in 21 states
by Marian McPherson Feb 20
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
Want to halt the portal war? Standardize MLSs
At ICNY, proptech leaders Eileen Romito, Derek Hooper and Catharine MacIntosh explained how MLS rules led to the rule of real estate portals, and what can be done to take the power back
by Marian McPherson Jan 25
Realtor.com CEO 'loves' heated competition with Homes.com
Realtor.com CEO Damian Eales addressed the traffic rivalry with Homes.com and why competition is good for agents and consumers
by Marian McPherson Jan 25
Blame 'Ziltorfin': CoStar CEO says competitors souring industry rep
During his latest ICNY appearance, CoStar Group CEO Andy Florance chastised Zillow, Redfin and Realtor.com for prioritizing their bottom line to the detriment of buyers and listing agents
by Marian McPherson Jan 23
Zillow unveils top 10 markets where people dreamed of moving in 2023
The real estate portal pulled user search data and other metrics to find the top markets where people looked to move to in 2023. (Hint, the East Coast is really popular right now)
by Taylor Anderson Dec 20
NAR President: Commission changes will 'marginalize' buyers
NAR President Tracy Kasper appeared on CNBC's 'The Exchange' Thursday to discuss mortgage rates, affordability and the potential harm of changes to the current commission structure
by Marian McPherson Dec 15
Buckle up for the 2024 portal war
Expect the portal wars to go into overdrive in 2024, with CoStar Group leading an ambitious effort to unseat Zillow as the country's top real estate portal, technology advisor Mike DelPrete writes
by Mike DelPrete Dec 6