Blog

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.

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With Matterport buy, CoStar makes it a ground game

Digital twin creation company Matterport has sold to CoStar, parent of home search experience Homes.com and Zillow's chief rival. The deal stands to greatly increase the amount of industry data available to the company for use in its appeal to both real estate agents and consumers.

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UHM revamps leadership team to support growing national footprint

Ohio-based Union Home Mortgage boosted its market share by acquiring Amerifirst Home Mortgage. Now it's got a new divisional leadership structure to support its "rapidly expanding, nationwide footprint."

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Corcoran agent finds her home fraudulently listed on Airbnb

Sarah Stewart only learned her Hamptons vacation home was fraudulently listed on the rental platform after someone called her to confirm that they should wire $25,000 outside of the Airbnb platform.

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Be everywhere with Adwerx’s latest digital advertising solution

Adwerx's new product involves customers being able to showcase their brands, messages and services on alternative public digital displays, such as retail map kiosks, bus stop screens, office building information panels, digital billboards and anywhere else that a consumer looks for information.

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WeWork creditors urge consideration of Neumann’s offer

The company's unsecured creditors seem to be tiring of its piles of debt, and say that to not seriously consider the ex-CEO's generous bid on the company is "inexcusable."

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38% of homeowners couldn’t afford their home in today’s market

Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison. According to Redfin's latest market study, 38 percent of 3,000 homeowners said they couldn't afford their home if they were to buy it today. As a result, homeowners are staying in place much longer — 59 percent said they've been in their home for at least 10 years and 21 percent have been in their home for at least five.

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Sitzer judge grants preliminary approval for NAR settlement

Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were "fair, reasonable and adequate" and set a final approval hearing for November.

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New-home sales enjoy big spring rally after signs of wear in February

Sales of newly built, single-family homes rose 8.8 percent in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3 percent year over year, according to the U.S. Census Bureau.

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5 tips for navigating times of frustration and uncertainty

Whether it's commission lawsuit settlements or life in general that's causing your stress, broker-owner Pam Blair offers insight to help you come out stronger on the other side.

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