CoStar revenue still going strong, but income keeps falling
The company touted its Homes.com Network as the No. 2 residential marketplace and said it sees opportunities to “win away” rental listings from rivals.
February 19, 2025
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Home construction projects stall as builder outlook plungesHousing starts fell in January, and builders are less optimistic about the next six months as new federal policies could increase costs and reduce workforces.February 19, 2025
- Gary Keller: We’re in a ‘trough,’ but a reset may be comingIn a keynote presentation, the KW co-founder and other leaders discussed what an uncertain economy means for real estate — and what agents need to tell clients.February 18, 2025
- KW’s festive Family Reunion to include a dose of realityWith the real estate industry only midway through a slowdown cycle, the flagship Keller Williams event looks to help agents “get through it” and thrive.February 17, 2025
- DOJ debates ‘commingling’ with Zillow and NAR in REX caseThe Justice Department is concerned the case, which Zillow won in 2023, could set a bad precedent and allow other organizations to circumvent antitrust laws.February 14, 2025
- The housing data looks ugly. How will the market respond?Demand is weak, rates remain elevated and sellers appear weary — but buyers may return to the market this spring to take advantage of “deals on the margins.”February 13, 2025
- Rising inflation dims hopes for mortgage rate reliefThe latest CPI data suggests rates will remain elevated heading into the spring shopping season, and some analysts now expect just one rate cut this year.February 12, 2025
- Redfin to cut 450 roles following Zillow rentals dealThe company, which signed an exclusive listings partnership with Zillow on Feb. 11, will complete the layoffs in July as it restructures its rentals segment.February 12, 2025
- ‘Super app’ success helped Zillow outperform the market in 2024The home search giant beat revenue expectations in Q4 as it continued to make big strides in mortgages and rentals, and announced a new partnership with Redfin.February 11, 2025
- 15 more commissions settlements on track for final approvalSeveral smaller brokerages and two MLSs named in the Keel and Gibson cases are scheduled for a final hearing on June 24.February 11, 2025
- Tariffs, home construction and affordabilityThe price of building materials could rise by an additional 4-6% in the next 12 months, or 10% overall, according to a new report from CoreLogic.February 10, 2025
- Gibson plaintiffs clap back at eXp, WeichertThe arguments over reverse auction allegations continued this week, with the plaintiffs saying the brokerages shopped around to “settle on the cheap.”February 7, 2025
- Rate cuts this spring? Unlikely, given new jobs dataThe latest employment report was mixed, but stronger wage growth means rate cuts will probably remain paused through the spring homebuying season.February 7, 2025
- Mortgage rates dip, but demand still weakRates appear to have stabilized in the upper-6% range, while an increase in new listings points to an early rise in inventory ahead of the spring season.February 6, 2025
- eXp pushes back on ‘sweetheart deal’ allegationsThe brokerage denied using a reverse auction strategy to reach its $34 million settlement, arguing that the amount is comparable to what other firms paid.February 5, 2025
- Commissions rebound following post-settlement declineTwo recent studies found that real estate agent commission rates fell after industry practice changes took effect, but they have largely recovered.February 5, 2025
- Tariff pause with Canada, Mexico welcomed by buildersThe 25% tariffs were expected to increase the cost of home construction materials. Set to take effect on Feb. 4, they have now been paused for 30 days.February 4, 2025
- CFPB freezes activity after acting director takes helmU.S. Department of Treasury Secretary Scott Bessent puts the brakes on rule-making and enforcement as the Consumer Financial Protection Bureau faces defunding.February 3, 2025
- New lawsuit sweeps up 8 brokerages and MLSsThe companies were among the remaining entities not covered by NAR’s deal. They quickly agreed to settle, paying more than $10.5 million in combined damages.January 28, 2025
- 2 brokerages seek settlement approval; Nosalek hearing scheduledBaird & Warner and Real Estate One will add another $3.7 million to the fund, while the MLS PIN case moves forward after an extended pause.January 27, 2025
