Rocket offering renters up to $5K in closing credits
RocketRentRewards lets homebuyers earn closing cost credits equal to 10% of their verified rent payments over the past year — about $2,160 for those paying the average $1,800 in rent
by Matt Carter Feb 19
CoStar Group posts 55th-straight quarter of revenue growth in Q4
Virginia-based portal CoStar Group grew its revenue 11% in Q4, to $709M, executives said Tuesday. Traffic to Homes.com Network remained steady, with 110M average monthly unique visitors
by Marian McPherson Feb 18
Compass grows revenue and agent count, market share tops 5%
The company now has 17,752 principal agents. Founder and CEO Robert Reffkin said in a new earnings report that he believes his company will pull ahead in 2025
by Jim Dalrymple II Feb 18
Judges zero in on key question in REX’s appeal against Zillow, NAR
Was Zillow's policy shift, which led to a January 2021 update, a website update or an agreement with NAR that illegally restrained trade? Judges hear both sides
by Taylor Anderson Feb 17
Aged marketing, mortgage anxiety, another argument: Inman Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Feb 14
Zillow CEO lauds remote work as portal continues to slash space
The company’s 2024 10-K filing revealed it expects its leasing costs to drop by about $16M over the next 4 years and anticipates earning $26M in sublease income during the same period
by Marian McPherson Feb 13
New York broker sues Zillow, saying StreetEasy 'masked' his listings
George T. Spyridakis, an associate broker with eXp Realty, alleged Zillow's StreetEasy allowed multiple brokers to list the same unit on the platform, effectively hiding it from public view
by Taylor Anderson Feb 12
Homebuyers gain leverage as sellers cut prices: Zillow
In January, almost 23% of sellers reduced their listing price — the highest percentage for any January since 2018, according to a new analysis by Zillow
by Richelle Hammiel Feb 12
Redfin to shed 450 staffers after $100M rental deal with Zillow
On the same day Redfin inked a new $100M partnership to syndicate Zillow rental listings in multifamily buildings, the company said it would eliminate approximately 450 positions
by Taylor Anderson Feb 12
Zillow eyes rental dominance as segment revenue grows 25% in Q4
Zillow's Q4 revenues rose 17% annually to $544M while its rental segment generated $116M, according to an earnings release Tuesday that included news of a rental partnership with Redfin
by Marian McPherson Feb 11
Robert Reffkin nods to Gary Keller in latest Clear Cooperation critique
Opinion
Compass CEO Robert Reffkin lays out 10 questions his agents are asking in the wake of NAR's commission settlement in his latest argument in favor of consumer choice and against CCP
by Robert Reffkin Feb 7
Realtor.com parent Move posts first revenue bump in 10 quarters
Realtor.com parent company Move’s revenues grew 2% YOY to $130M in Q2. However, market headwinds are still suppressing lead volume and traffic growth
by Marian McPherson Feb 5
Fair housing protections rolled back on Day 1 of Trump presidency
Having fair access and the opportunity to lease or own a home is paramount to the American dream, Dr. Lee Davenport writes. Here's how new policies could impact that goal
by Lee Davenport Feb 5
The future of the MLS: A proposed path toward a national network
Opinion
Achieving a national multiple listing service should be our top priority as Realtors, Michigan-based @properties Christie’s International Real Estate broker Chris Marzke writes for Inman
by Chris Marzke Feb 4
Appeals court will let DOJ speak in REX case against NAR, Zillow
Attorney Alice A. Wang of the DOJ's Antitrust Division will appear at oral arguments in the US Court of Appeals for the Ninth Circuit on Feb. 13