The portal wars in the UK are heating up, as CoStar-owned portal OnTheMarket (OTM) fights accusations of using "misleading" traffic data to dethrone competitor Zoopla as the second-most trafficked home search site in England, Scotland, Wales and Northern Ireland.
While portals spend billions to win their wars, Mike DelPrete questions whether it's possible for anyone to win on the ultimate metric: revenue.
The National Advertising Division on Friday denied CoStar's challenge to Realtor.com's "No. 1 site real estate professionals trust" tagline. CoStar said it's based on outdated data. NAD disagreed.
Move's overall revenue dipped 1 percent between July and September, while revenue from its real estate business — including Realtor.com — dropped 4 percent, according to Q3 earnings data released Thursday.
A California judge on Monday dismissed a pair of Move's computer fraud claims against CoStar Group and a former Realtor.com editor accused of stealing trade secrets.
CoStar Group's revenue grew 11 percent year over year, to $693 million, while monthly average unique visitors for the Homes.com Network of sites reached 130 million, according to Q3 earnings results on Tuesday.
Seven months after partnering on multifamily rental listings, portal behemoths Zillow and Realtor.com have agreed to syndicate 3D Zillow tours, floor plans and photos to for-sale listings.
Have no doubt — Zillow is on the side of Clear Cooperation. That's the message Zillow CEO Jeremy Wacksman delivered on the latest episode of real estate strategist Mike DelPrete's Context podcast, where the two thought leaders talked about Zillow's evolving Housing Super App and raising consumer awareness about Zillow's mortgage and rental businesses alongside the industry's latest hot-button topic.
Two weeks after California District Judge George H. Wu denied its preliminary injunction request against CoStar, Move has filed a new motion claiming former Realtor.com News & Insights editor James Kaminsky violated the 1986 Computer Fraud and Abuse Act when he accessed Move-owned documents roughly 40 times after being laid off in January.
Digital twin creator Matterport introduced a new lineup of property marketing features to enrich its appeal as a more accessible resource for listing agents and brokers, including a de-furnishing tool and an artificial intelligence listing description tool.
News Corp.-subsidiary REA Group announced on Monday it had given up on its quest to purchase Rightmove after its fourth offer of $8.3 billion was rejected by the UK portal's board of directors.
Sydney-based News Corp subsidiary REA Group has made a third bid for UK portal Rightmove. The company offered $8.1 billion for Rightmove on Monday — a 10 percent increase from its first offer.