CoStar posts 50th-straight quarter of revenue growth in Q3 earnings
CoStar Group earned $625M in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted 1,290% annual growth in Homes.com traffic
by Marian McPherson Oct 24
Traffic data is the weapon of choice as portal wars heat up ahead of Q3
Ahead of Q3 earnings, Inman took a dive into the top 5 real estate portals' traffic data. Zillow still leads the pack, but stiff competition has emerged from old — and new — industry entrants
by Marian McPherson Oct 24
This season's trendiest wedding registry gift? A brand new home
The share of couples including 'home funds' as part of their wedding registry has increased by 55% since 2018, according to a joint analysis released Thursday by Zillow and The Knot
by Ben Verde Oct 20
Listings tick up and prices tick down during an ice-cold fall market
The added punch of mortgage rates nearing 8% is making this year's fall season particularly slow
by Ben Verde Oct 13
Zillow Flex program's success fee rises to 40%: DelPrete
Despite all the talk of alternative revenue streams, Zillow's latest money-making strategy is raising the price of its agent-based lead-gen offering
by Mike DelPrete Oct 12
Zillow launches new feature for home search by school district
The feature allows homebuyers to select a school district and displays school attendance zone boundaries and homes available for rent or for sale within those boundaries
by Lillian Dickerson Oct 12
Andy Florance: Bombshell lawsuits will upend Zillow's business model
CoStar CEO Andy Florance dished with Intel about the commission lawsuits, Zillow and NAR as Homes.com nabbed 100M unique visitors for the first time ever in September
CoStar's Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
Zillow fends off final claims in fruitless REX lawsuit
The now-defunct brokerage failed to convince a jury that Zillow used unfair tactics when it gave non-MLS listings a separate place on its site
by Daniel Houston Oct 2
New builds drive surge of more than $2.6T in housing market value
The value of US housing has reached a new peak of slightly under $52T in the past year and is up 49% from the start of the pandemic, according to Zillow
by Ben Verde Sep 27
Matterport calculates square feet, labels rooms with latest AI update
The feature is in beta mode and, upon formal rollout, will allow agents instant access to room dimensions and total square footage by room and floor, according to an announcement Tuesday
by Craig C. Rowe Sep 26
Housing starts plunge to 3-year low
In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled 'shutdowns, labor shortages and supply chain issues,' according to US Census data
by Ben Verde Sep 19
Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Marilyn Monroe home slated for demolition is saved — for now
The LA City Council filed an emergency motion Friday to establish the home as an Historic-Cultural Monument to avoid demolition after thousands of concerned citizens registered their complaints
by Lillian Dickerson Sep 12
Zillow and Homesite team up to offer renters insurance
Renters can purchase insurance policies on Zillow's desktop or mobile platform, thanks to a partnership with Homesite Insurance. Renters can pay on a monthly or annual basis
by Marian McPherson Sep 7