Realtor.com suffers double-digit drop in quarterly revenue, traffic
Realtor.com parent company Move Inc.'s revenue declined 16% to $142M in the fiscal first quarter. Despite the loss, CEO Robert Thomson remained bullish about the portal's long-term prospects
by Marian McPherson Nov 9
Realtor.com chief: Buying without an agent was 'terrifying'
Damian Eales lauded the American system of having agents representing buyers and sellers, but said that change is likely coming thanks to lawsuits and the DOJ
by Jim Dalrymple II Nov 2
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
How much is your home worth on Airbnb? Realtor.com can tell you
New tool comes as more homeowners look for ways to offset high housing costs, and as Airbnb looks to add more supply to keep prices down
by Taylor Anderson Sep 7
The internet fell hard for real estate in 2021. But can the love affair last?
Nearly 3 years after 'Saturday Night Live' declared 'real estate is your sex now' in a popular Zillow parody, mind share around the industry is sagging, according to an Intel analysis of traffic data
by Jim Dalrymple II Aug 23
Despite Q2 decline, Realtor.com says it's ready to take on CoStar
Realtor.com parent company Move's quarter and yearly revenues have slipped, with the company bringing in $602M for the full year. But despite struggles, News Corp's CEO is confident in the brand
by Marian McPherson Aug 10
Realtor.com CEO: 'Zillow took that crown off us — and I want it back'
During Inman Connect on Tuesday, Damian Eales, Realtor.com's newly installed CEO, revealed the marching orders he's received from Rupert Murdoch as he aim to scale the top of the portal game
by Daniel Houston Aug 8
Will the second quarter of 2023 match real estate's Q1 meltdown?
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
by Jim Dalrymple II Jul 26
Rent was 1% lower in June than a year earlier, but not everywhere
The typical rent was $1,745 a month in June, down $31 from its record high in July 2022, according to a new report from Realtor.com
by Taylor Anderson Jul 25
Here are the finalists for the 2023 Inman Innovator Awards
The 2023 Inman Innovator Awards finalists range from true upstarts to established players, with each offering a new vision for real estate. Winners will be announced live in Las Vegas, Aug. 8-10
by Inman Jul 20
'Marginal agents' with fewer sales now claim quarter of commissions
Agents with 5 or fewer sales a year took in an estimated 25-30% of all commission income in 3 disparate markets, according to an analysis of MLS data by the Consumer Federation of America
by Andrea V. Brambila Jul 10
US home prices projected to grow 'convincingly' in 2024: Economist
Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won't stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday
by Taylor Anderson Jul 6
The stories and trends that defined a whirlwind first half of 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
by Marian McPherson Jul 5
NAR CEO Bob Goldberg plans to retire at the end of 2024
Goldberg's contract will expire on Dec. 31, and the executive plans to retire after 3 decades at NAR and 4 decades in real estate, according to the National Association of Realtors
by Taylor Anderson Jun 21
Missing middle: Home shortage for middle-income buyers hits 320K
The US needs to not just build more new homes, but build more new homes that are affordable to most people, according to a new report from the National Association of Realtors and Realtor.com
Robert Reffkin: Sub-4% mortgages are 'handcuffs' for home inventory
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
by Daniel Houston Jun 8
David Doctorow steps down as CEO of Realtor.com parent Move, Inc.
Doctorow oversaw the company as its revenues and site traffic rose to record highs, the company said. But as with the rest of the industry, Move has shown signs of a slowdown.
by Taylor Anderson Jun 1
Redfin CEO, others deflate Elon Musk's housing 'meltdown' theory
The Tesla CEO just predicted a coming collapse in the housing market, but Redfin CEO Glenn Kelman and other experts say the conditions that would lead to a meltdown just aren't there
by Jim Dalrymple II May 31
The portal wars: Can any challenger seize the throne from Zillow?
Zillow has the most traffic, according to an analysis by Intel, but at least 1 rival is growing rapidly in what one observer compared to a Game of Thrones-style gauntlet run
by Jim Dalrymple II May 24
Realtor.com's AI integration is a case of 'garbage in, garbage out'
Opinion
Digital marketing specialist Joshua Jarvis offers his feedback on Realtor.com's new AI tool. While he applauds the attempt, he says it's a swing and a miss
by Joshua Jarvis May 23
Real estate investors are still at the table — but fewer are bringing cash
Smaller real estate investors are stepping into the home market even as the big guns scale back. The result? Fewer all-cash investor offers, according to a Realtor.com analysis of deed records
by Daniel Houston May 22
Financial services firm Setpoint acquires due diligence startup
Resolute Diligence Solutions specifically focuses on due diligence for single-family rentals and for residential transition loans and will help Setpoint beef up its technology platform
by Jim Dalrymple II May 22
5 key charts that illuminate real estate's Q1 earnings season
Most publicly traded real estate companies continued to bleed money in the first chunk of 2023. These metrics help explain why investors aren't panicking
by Daniel Houston May 17
Realtor.com chief brushes off major annual drop in traffic
David Doctorow attributed Realtor.com's reduced traffic to a slower market and argued that his company's sites have superior engagement than competitors
by Jim Dalrymple II May 15
Realtor.com parent Move saw traffic and revenue fall in Q1
Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to 1 year earlier, according to the company's Q1 earnings report
by Jim Dalrymple II May 11
Which real estate portal is winning in revenue growth?
Across the international landscape, all real estate portals are not created equal. Here's how varied revenue models affect earning potential
by Mike DelPrete Apr 24
Will migration fizzle out in 2023? History points to existential shift
The migration trends that drove housing demand during the pandemic are ending. But that doesn't mean people aren't moving, according to an Inman analysis of historic data
by Jim Dalrymple II Mar 31
Homebuyers and sellers played chicken as sales slowed in March
Realtor.com's latest monthly report reveals a market full of contradictions as mortgage rates continue to drive consumer sentiment and activity
by Marian McPherson Mar 30
Will an inventory shortage stymie spring? Look to 1994 for clues
This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis
by Jim Dalrymple II Mar 29
Zillow now accounts for nearly half of all real estate web traffic: Analysis
The search behemoth far and away led market share for search portals, drawing 44% of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis
by Ben Verde Mar 24
News Corp. headquarters
In remarks at Morgan Stanley's Technology, Media and Telcom Conference Tuesday, CEO Robert Thomson said growing Realtor.com after its sale to CoStar fell through is a 'personal priority'
by Ben Verde Mar 8
Proptech has reached an inflection point. So, like, what happens now?
Opinion
Disruptive sales models, lead aggregators and search products have transformed proptech into a true marketplace while freeing venture capitalists up to become more than mere power brokers
by Craig C. Rowe Mar 1
Nearly two-thirds of brokerage sites aren't displaying commissions
Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined
by Andrea V. Brambila Feb 16
National Association of Realtors' Canadian twin is betting big on tech
The Canadian Real Estate Association, which owns and controls Canada's most popular listing site, is spinning it off into a tech startup. Ex-CREA Chair Cliff Stevenson shared what's in store
by Andrea V. Brambila Feb 15
News Corp will slash 1,250 jobs following rough real estate earnings
Move Inc. revenue fell $23M in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale
by Taylor Anderson Feb 10
Zillow's Curt Beardsley: 'Invest time and energy with companies that are going to be here next year'
Zillow, Keller Williams and Realtor.com shared their respective takes this week at Inman Connect New York on the trends expected to take hold in 2023
by Craig C. Rowe Jan 27
Spencer Rascoff on CoStar-Move Inc. rumors: '$3B seems a little low'
Pioneers of consumer-first online home search weighed in from Inman Connect New York Wednesday on rumors that CoStar approached News Corp about purchasing Move Inc.
by Craig C. Rowe Jan 25
CoStar considering purchase of Realtor.com parent: Report
Acquiring Realtor.com would significantly advance CoStar's push into residential real estate — and bring it into greater conflict with the industry's existing power players
by Jim Dalrymple II Jan 25