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Inventory Levels Up 36.7% from Last Year

Inventory Levels Up 36.7% from Last Year

by Phil Hall | Jul 9, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The number of homes actively for sale in June increased by 36.7% from one year earlier, according to new data from Realtor.com. This represents the eighth consecutive month of year-over-year listings increases. All four regions recorded year-over-year inventory...
Realtor.com Parent Company Sues CoStar, Alleging Theft of Trade Secrets

Realtor.com Parent Company Sues CoStar, Alleging Theft of Trade Secrets

by Phil Hall | Jul 5, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The commercial real estate data provider CoStar Group (NASDAQ:CSGP) is being sued by Move Inc., the News Corp (NASDAQ:NWSA) subsidiary that operates Realtor.com, for hiring a Realtor.com employee who allegedly brought along his former employer’s trade secrets....
Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities

Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities

by Phil Hall | Jun 18, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Realtor.com is expanding its buyer representation marketing campaign with a new initiative designed to promote the benefits of buyer’s agents to members of historically underserved and underrepresented communities. According to a press statement from...

Median Asking Rents Decline, But at Slower Pace

by Phil Hall | Jun 11, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rents dropped in May for the tenth consecutive month, albeit at a slower pace, according to the latest Realtor.com Rental Report. The median asking rent nationally for 0-2 bedroom units fell by -0.7% ($13) from May 2023 to $1,732. This is only $24 (-1.4%) below its...
Median Asking Rents Down for Ninth Straight Month

Median Asking Rents Down for Ninth Straight Month

by Phil Hall | May 22, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median asking rent nationally in April for 0-2 bedroom units declined year-over-year by 0.7% to $1,723, according to new data from Realtor.com. This marked the ninth consecutive year-over-year drop, with declines recorded in all size categories of rental housing....
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