Zillow facing a ‘battle of the titans’ in 2024
With Homes.com in investment mode, Realtor.com and Redfin are reshaping themselves in pursuit of the top spot among home search portals, T3 Sixty experts say.
November 29, 2023
AJ LaTrace
AJ has covered real estate for the last decade as a reporter and editor for publications including Vox Media's Curbed, Chicago magazine and Business Insider. At Business Insider, AJ led the brand's coverage of how everyday people invest in real estate as a means of gaining financial independence, and he reported on big-picture trends and pain points in the broader U.S. real estate market. AJ is based in Chicago, where he also moonlights as a small-time landlord.
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- NAR shines a light on ‘cultural transformation’The themes of diversity, equity and inclusion were present throughout last week’s NAR NXT conference.November 24, 2023
- Existing home sales take biggest hit of the yearOctober home sales slid 4.1%, representing the steepest single-month decline in 2023 so far.November 21, 2023
- Homes.com fires back over traffic claims, buyer agency and trustDave Mele, president of Homes.com, previewed his company’s monetization plans and responded to criticisms and allegations from competitors.November 21, 2023
- We want to be No. 1 with ‘no tricks,’ Realtor.com CEO saysIn response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.”November 17, 2023
- Commissions battle ‘far from over’ says NAR presidentDuring her NAR NXT keynote, Tracy Kasper tackled the big issues facing the association, including the Sitzer/Burnett verdict and sexual harassment accusations.November 14, 2023
- Realtor.com CEO: World without buyer agency a ‘dangerous scenario’Damian Eales talked to Real Estate News about why the industry “should be careful what some people are wishing for” and his perspective on NAR.November 11, 2023
- Real revenue, agent count up nearly 100% in past 12 monthsStrong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.November 9, 2023
- eXp confirms ‘bad actors’ fired were defendants in sexual assault caseDuring the company's recent earnings call, CEO Glenn Sanford was asked about ongoing litigation that claims eXp ignored a pattern of sexual misconduct.November 8, 2023
- Zillow confirms layoffs affecting ‘a small number of roles’A spokesperson said roughly two dozen people were laid off across multiple teams as part of Zillow’s ongoing resource-management efforts.November 7, 2023
- Post-verdict picture: Denial, anger and rethinking buy-side payDuring a webinar, T3 Sixty leaders acknowledged that emotions are running high as they talked through potential implications of the Sitzer/Burnett verdict.November 7, 2023
- Seasonality, regional divergence key trends to watchLance Lambert, former real estate editor at Fortune, discussed his theory of the market’s headwinds and tailwinds — and the “tug-of-war” they’re playing.November 7, 2023
- Will the commissions verdict kill the MLS? Not so fast, say portal execsThe Sitzer/Burnett verdict has the industry bracing for a sea change. But leaders at Zillow and Homes.com say MLSs add value and can’t simply be torn down.November 3, 2023
- eXp looks to international growth as profits fallCEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.November 3, 2023
- As revenue plummets, Opendoor aims for a turnaround in 2024During the company's Q3 earnings call, CEO Carrie Wheeler said she anticipates a quiet fourth quarter but an uptick in home acquisitions next year.November 2, 2023
- Bob Goldberg out at NAR, Chicago media exec inNykia Wright, previously CEO of the Chicago Sun-Times, will be interim CEO. Goldberg had previously announced plans to depart in 2024.Updated November 2, 2023
- Zillow ‘well positioned to thrive’ despite commissions trial outcomeDuring the Q3 earnings call, CEO Rich Barton discussed the Sitzer/Burnett verdict and how it could affect Zillow — and the industry as a whole.November 1, 2023
- Zillow acquiring popular Follow Up Boss CRMThe home search giant’s latest acquisition will help support its “housing super app," said Chief Industry Development Officer Errol Samuelson.November 1, 2023
- Are health plans the latest agent recruiting tactic?As brokerage firms vie to keep their top producers and boost agent counts, some are offering new benefits, including healthcare, to stay competitive.October 27, 2023
- Anywhere, Offerpad form mutually beneficial partnershipThe iBuyer will send potential sellers leads to the brokerage company, while Anywhere agents can present their sellers with a cash offer from Offerpad.October 26, 2023
