Doctorow out as Move Inc CEO; News Corp exec to take over
David Doctorow is stepping down as CEO of Move Inc, parent company of Realtor.com. News Corp exec Damian Eales starts on June 12.
June 1, 2023
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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- Mortgage rates jump, but debt deal should reduce pressureThe 30-year fixed-rate mortgage surged by nearly a quarter point this week to reach the highest level since November.June 1, 2023
- Mortgage activity at a 2-decade lowA report from ATTOM found that elevated interest rates put a freeze on residential mortgages, refis and HELOCs in the first quarter of 2023.May 31, 2023
- 3 things to know about the class-action commissions lawsuitsAs Sitzer/Burnett and Moehrl are joined by more buyer-broker compensation cases, these important details can help real estate pros understand the basics.Updated November 11, 2023
- Where are home prices heading? Economists are splitWith so many factors pushing and pulling on the economy right now, there is little consensus on whether prices will rise or fall in the coming year.May 31, 2023
- Home price growth in early spring higher than anticipatedWhile sluggish year-over-year, appreciation picked up between February and March, especially in West Coast cities, according to the Case-Shiller Index.May 30, 2023
- Watch out — the industry’s mind-boggling transformation isn’t overDon’t let this transformative moment intimidate you. Industry experts Stefan Swanepoel and Jack Miller of T3 Sixty say it’s an opportunity built on history.May 27, 2023
- Fewer people are moving, but those who are seek new communitiesThe latest Redfin report finds that while moving is down overall, a higher percentage of those who move are relocating to other parts of the U.S.May 26, 2023
- In a slow market, more sellers are willing to make a dealA Redfin report found that nearly 43% of home sellers made concessions in the early spring, a big jump from 26% a year ago.May 26, 2023
- Mortgage rates rise amid debt ceiling dramaThe 30-year fixed-rate mortgage rose to 6.57%, according to Freddie Mac’s weekly survey, while a daily survey put rates above 7%.May 25, 2023
- Big ups, big downs widen the home price gap across the U.S.A new Redfin report found that the difference in home price growth (or declines) among metro areas is nearly the largest it's been in three decades.May 24, 2023
- Newly built homes a hot commodity for spring buyersAs existing home listings have fallen, the inventory of new homes has increased — and prices have dropped — making them an attractive option.May 23, 2023
- Homebuying trends and motivations in the LGBTQ+ communityA new report helps agents better understand the preferences, drivers and challenges for LGBTQ+ buyers.May 19, 2023
- Why slowing rent growth is a good sign for the economy, future buyersRent growth was up just 0.3% YoY in April and is falling below inflation and wage growth, which "suggests better times ahead for the U.S. economy."May 19, 2023
- Mortgage rates inch upward but remain relatively stableThe 30-year fixed-rate mortgage has teetered between about 6.3-6.4% in recent weeks, a possible sign that rates are leveling out.May 18, 2023
- Where can buyers find affordable suburbs? Try the East CoastA new study found that homes within 30 miles of expensive metros can offer significantly lower prices.May 17, 2023
- Where buyers and sellers are finding common groundA new survey by Opendoor found that a high percentage of home buyers and sellers are willing to make some concessions in order to close a deal.May 17, 2023
- Builders growing more confident heading into the summer monthsAfter a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.May 16, 2023
- Get ready, say MLS leaders — change is comingCEOs from five of the country's largest MLSs discussed the challenges (and progress) in making MLS organizations more efficient and collaborative.May 12, 2023
- Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.May 11, 2023
