Category: realtor.com

Brokerages, portals react to NAR’s decision to save Clear Cooperation

Executives mostly applauded NAR’s decision to salvage the policy Tuesday, saying the trade group struck the right balance between reform and preservation. But the change didn’t satisfy everyone.

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.

Offerpad losses mount as iBuyer acquires and sells fewer homes

At $17.3 milllion, Q4 2024 net loss is up 28 percent from the previous quarter, as homes acquired dipped 9 percent to 384, homes sold fell 18 percent to 503, and profits on each sale fell by 24 percent..

CoStar makes bid to buy REA Group classifieds rival in Australia

CoStar is eying Australian real estate classifieds firm Domain for a rumored $2.7 billion. The purchase would put it toe-to-toe with News Corp, which owns REA Group, Australia’s largest classifieds firm.

Realtor.com moves headquarters from Santa Clara to Austin, Texas

Six years after opening an office in Austin, Realtor.com is making the space its new headquarters. The company said it has more than 400 employees in Texas and now plans to add “hundreds more.”

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.

North Dakota voters reject plan to eliminate property taxes

State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years. Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges.