CoStar Group tallies Q1 revenue growth on success of Homes.com
Inman
by Marian McPherson
9h ago
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 ..read more
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With Matterport buy, CoStar makes it a ground game
Inman
by Craig C. Rowe
9h ago
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 ..read more
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Corcoran agent finds her home fraudulently listed on Airbnb
Inman
by Lillian Dickerson
9h ago
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 ..read more
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Be everywhere with Adwerx’s latest digital advertising solution
Inman
by Craig C. Rowe
9h ago
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 ..read more
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38% of homeowners couldn’t afford their home in today’s market
Inman
by Marian McPherson
9h ago
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 ..read more
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Sitzer judge grants preliminary approval for NAR settlement
Inman
by Taylor Anderson
9h ago
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 ..read more
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New-home sales enjoy big spring rally after signs of wear in February
Inman
by Lillian Dickerson
9h ago
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 ..read more
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60-day clock begins for brokerages seeking to opt into $418M NAR deal
Inman
by Andrea V. Brambila
1d ago
Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered ..read more
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