Zillow Group reported an 18% increase in second-quarter revenue Wednesday, topping its high-end forecast even as the online real estate giant posted a narrow net loss over the quarter, just one day after announcing 500 layoffs companywide. The results outpaced the overall 6% growth in the U.S. real estate industry over the same period a…
Two state ballot initiatives in Missouri, focused on major changes to taxation and grassroots ballot measures, were both soundly defeated last night, as the state Realtor® association joined with the rival American Association of Realtors (ARA) to oppose the initiatives. Amendment 5 would have removed the state income tax but likely would have increased taxes…
AGNT, Inc., the parent company of eXp Realty and NextHome, reported record second quarter 2026 revenue of $1.4 billion, up 11% from a year ago, as leaders credited agent productivity and AI investments for the gains. The Bellingham, Washington-based company, which rebranded from eXp World Holdings earlier this year, posted adjusted EBITDA of $25.7 million…
Following its recent acquisition of Fathom Holdings, Bed Bath & Beyond, Inc. has announced a shift in its branding, now changing its name to Neighborhood Intelligence, coupled with a new Nasdaq ticker of NXH. The formal change will take place on Aug. 17, as the company announced the shift in a letter to shareholders penned…
Tennessee-based MLS Realtracs, two months after threatening to join Chicago-based MRED in cutting Zillow off from its listing feed, has entered into a new licensing agreement with the portal, which “ensures uninterrupted listing distribution” while ensuring Realtracs members continue to have access to Zillow tools. In a statement, Realtracs President and CEO Stuart White said…
In his continued movement of expanding seller choice across real estate, Compass CEO Robert Reffkin said he expects “more than 90% of MLSs to have rules that allow sellers to market both Private Exclusives and Coming Soons by the end of the year” during the company’s recent Q2 earnings call. In presenting to investors, Reffkin…
Zillow has laid off 500 employees—about 7% of the portal’s 7,000 employees—in order to ensure a “disciplined cost structure” across the portal, according to an announcement by CEO Jeremy Wacksman today. In a blog post attributed to Wacksman, ahead of Wednesday’s Q2 2026 earnings release and investor call, the Zillow CEO described these “organizational changes”…
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. When a real estate agent takes a look at their calendar on any given day, there’s a good chance a significant chunk of time isn’t spent sitting behind…
Years after so-called iBuyers—companies that promised to quickly buy and flip homes using algorithms to make profits—were supposed to take the industry by storm, one of the (relative) new kids on the block is settled in for a longer voyage. During its Q2 2026 earnings call on Aug. 3, Offerpad Chairman and CEO Brian Bair…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow class-action claims dismissed (for now) Judge James Robart of the federal Western District of Washington wrote in a 32-page order last week that a lawsuit filed by homebuyers against Zillow failed to…
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