Top agents are winning a greater share of listings in the wake of NAR’s commission settlement last year, with high-performers holding 42.64 percent of all listings, new data from tech firm Relitix shows.
Category: costar
CoStar advances talks to purchase REA Group competitor Domain
CoStar Group and Nine Entertainment have reportedly begun negotiating the acquisition of Domain, the second largest real estate classifieds firm in Australia behind News Corp-owned REA Group. Nine’s target price is AUD 2.79 billion.
Redfin to shed 450 staffers after $100M rental deal with Zillow
On the same day Redfin announced a new partnership to syndicate Zillow rental listings in multifamily buildings, the company said it would eliminate the positions of approximately 450 employees.
Zillow, not CoStar, is Realtor.com’s biggest competitor, Eales insists
As the rivalry with CoStar Group simmers, Realtor.com CEO Damian Eales is focused on housing policy and bridging gaps between the industry and consumers, he told a crowd Thursday at ICNY.
Matterport posts $38.4M loss in Q3 as it spends for scale
During the first nine months of the year, Matterport pulled in a total of $125.8 million in revenue. Most of that is from recurring services and subscriptions.
CoStar moves one step closer to securing Arlington HQ
CoStar Group inked a deal with a longtime tenant of its new Arlington HQ, which leased 13 of the building’s 31 floors. The tenant agreed to downsize to two floors, giving CoStar enough space for the 500 employees moving to the new HQ.
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.
Ex Matterport CEO wins $79M stock-lock suit against 3D tour biz
William Brown, who served as CEO of the company though 2018, is entitled to damages after Matterport prevented him from selling all of his shares when the company went public in 2021.
CoStar Group tallies Q1 revenue growth on success of Homes.com
The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net income dropped 91 percent from $87 million in Q1 2023 to $7 million.
Realtor.com campaign makes pitch for buyer representation
The campaign will roll out across print and digital media and comes against the backdrop of commission disruption and intense competition among portals.