According to Redfin, 52.2% of February’s home listings sat on the market for at least 60 days without going under contract. Defining this as “stale inventory,” these types of listings have increased nationwide over the past year from 50.1%—marking the highest level in any given February since 2019, the portal said in a new report.…
Momentum seems to be building for Zillow Preview, with the portal announcing the addition of 24 additional brokerages to the program just one week after its launch. According to the company, Zillow Preview is designed to expand early visibility for sellers, agents and buyers at a critical moment in the home shopping journey, and the…
A federal judge in Seattle has paused the discovery process in a high-stakes class-action lawsuit against Zillow, and gave at least some signal that the case could get tossed in its entirety relatively soon. U.S. District Judge James L. Robart granted Zillow’s request to pause discovery on March 23, halting all fact-gathering in the case…
In more news surrounding the hot topic of private listings, a Washington state bill designed to severely restrict private listings has been signed into law after passing both the Senate and the House earlier this year. The bill was proposed in the Senate back in January, with the goal of explicitly banning real estate brokers…
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…
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