In another tense back and forth between CoStar Group and an activist investor, hedge fund The D.E. Shaw Group criticized what it called the company’s latest “attempt to evade accountability for longstanding and ongoing underperformance of Homes.com.” The new dispute comes about a month after D.E. Stevens first demanded that CoStar abandon its residential business.…
In a mostly technical legal briefing filed last week in Virginia federal court, rivals Zillow and Redfin jointly pushed back against a lawsuit filed by the Federal Trade Commission (FTC) and five states’ attorneys general that alleges the two companies violated federal antitrust law when they struck a rental “syndication” agreement late last year, arguing…
Above, Jeremy Larson As Zillow celebrates its 20th anniversary this week, the real estate industry itself looks radically different than it did two decades ago. What once depended on access to listings and information now hinges on expertise, interpretation and trust—themes reflected throughout Jeremy Larson’s career. A longtime Zillow agent partner, Larson—CEO of the Larson…
Following on the heels of hedge fund investor Third Point’s recent demand that CoStar Group exit its Homes.com-led residential business entirely, a second hedge fund investor, the New York City-based D.E. Shaw Group, has voiced the same opinion. Even with CoStar firing back at Third Point, saying its demands reflect “their complete misunderstanding of our…
Zillow has announced its new national brand platform—“Someday Starts Today”—designed to support people at every stage of the home journey, from those ready to move now to those still only imagining what’s possible. The campaign debuts Feb. 1 in connection with Zillow advertising that will air during the Grammy Awards broadcast, and the portal stated…
Realtor.com® announced on Jan. 21 the public debut of Realtor.com®+, a home search platform built in collaboration with MLSs, intended to help real estate professionals and consumers “connect, collaborate and close with confidence.” Designed to elevate the search experience and strengthen MLS and professional value, Realtor.com+ hopes to set a new standard for transparency, insights…
Portal giant Zillow largely receives listings from MLSs via internet data exchange (IDX) feeds, but at least in one major metro, that feed may soon see some disruptions. This year, Zillow has been in dispute with the Midwest Real Estate Data (MRED) MLS, covering Chicago and surrounding areas and which boasts over 48,000 subscribers. Now,…
Sometimes your dream home isn’t on the MLS, and that’s because it may not be for sale…yet. For Katie Hill, founder of Unlisted, the home she had her eye on was her neighbor’s, but it wasn’t for sale, at least not yet. Her dream of downsizing and being able to lounge in a backyard pool,…
The post Not for Sale (Yet): How Unlisted Is Transforming Off-Market Real Estate appeared first on RISMedia.
Leading Real Estate Companies of the World® (LeadingRE) announced that Renowned will join its Solutions Group program of preferred business resources for its global network of 550 real estate firms. “Renowned’s marketing platform helps brokerages and agents build visibility and trust, which is essential to success in our industry,” said Jim Psyhogios, LeadingRE’s vice president…
In a legal filing Nov. 12 in New York’s U.S. District Court ahead of a high-stakes hearing starting Nov. 18 to address Compass’s preliminary injunction motion, Zillow defended its new rules around private listings amid its ongoing court battle with Compass. The standards, which took effect in June, prohibit listings on Zillow that are publicly…
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