Industry News

In its 60th consecutive quarter of double-digit revenue growth, CoStar reported a 23% jump in revenue in Q1, bolstering projections for the rest of the year.

The deals are pending, with few details disclosed. Plus, Weichert negotiates with Batton plaintiffs; Compass rebuts NWMLS claims; TRD defamation suit dropped.

Christopher Brodhead will serve as KW’s new chief revenue officer. Plus, Lena Johnson to lead brokerage operations at Elliman; CIH hires home sale pro; more.

The next Fed chair may push for a mid-year short-term interest rate cut, Lawrence Yun predicts. Plus, mortgage rates could approach 7% if the Iran war drags on.

Despite a “very brutal” public battle with shareholders over spending on Homes.com, Andy Florance says agent subscription growth proves the playbook is working.

The widely criticized investigation was stalling a Senate confirmation vote on Kevin Warsh, who has been tapped to lead the central bank as chair.

Damian Eales is frustrated that the industry is spending so much time on pre-marketing debates — and so little time addressing the housing supply crunch.

The Chicago MLS, which runs a private listing network, is expanding nationwide to give agents “more choices.” It will receive Compass’ full listing inventory.

The company is using AI to improve its own efficiency — and to build better tools for real estate professionals, CEO Jeremy Wacksman said.

The Keller Williams co-founder called on MLSs to “clean up their business” — or risk losing it — amid the increasing push toward private listings.

Varun Krishna thinks the industry “is not working” as it should — which is why he’s pushing for modernization, inventory fixes and a better consumer experience.

Lacey Conway, formerly president of Long & Foster, is now SVP at HomeServices of America. Plus, Donnie Pingaro promoted to chief brokerage officer at ENRG.

Kevin Warsh, who will take over as Federal Reserve chair if confirmed, emphasized his independence as lawmakers pressed him on his loyalty to Trump.

The idea that privacy creates scarcity makes for a good marketing pitch, but it doesn’t hold up when you look at how the housing marketplace really works.

The White House’s reported deficit “far exceeds” housing economists’ estimates. Plus, Kevin Warsh’s confirmation hearing is next week; real estate fraud rises.

A new CFA report found that homebuyers haven’t been deterred by agent fees, but affordability remains a problem, and “pocket listings” are an emerging threat.

“We will vigorously defend against these claims which we believe have absolutely no merit,” eXp said. The judge, meanwhile, took issue with the amended filing.

In a Redfin blog post, Rocket exec Joe Rath makes a case for “more flexibility” for sellers — while asking Washington state’s largest MLS to change its rules.

After publicly criticizing the company’s management and spending on Homes.com, activist investor Third Point has sold its ownership stake in CoStar Group.

Jun Choo explains how Preview is different from other “Coming Soon” products — and decidedly pro-consumer. “We’re not backtracking on any of our philosophy.”