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Court Grants Final Approval to $39.7 Million in Commission Settlements in Gibson Case
U.S. District Court Judge Stephen Bough has granted final approval to settlements in the main Burnett copycat case totaling $39.7 million with five real estate brokerages, with the total settlement fund sitting at over $1 billion as the industry continues to grapple with the fallout from antitrust claims. The approvals, announced Wednesday in Kansas City,…
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Realtor.com Parent Reports 10% Jump in Quarterly Revenues
Revenues at Move, operator of Realtor.com®, were $143 million in Q2, a 10% increase from the prior year, driven by premium offerings, audience share gains and expansion in growth adjacencies, according to the company, which operates on a July 1 to June 30 fiscal year. News Corporation, which includes Realtor.com under its corporate umbrella, on…
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Judge denies Compass request to stop Zillow’s private listing policy
CoStar continues Homes.com defense amid investor pushback
Judge Denies Compass’s Bid to Block Zillow Rules, Calls Conspiracy Allegations Not Credible
U.S. District Judge Jeannette Vargas of the Southern District of New York has denied Compass’s request for a preliminary injunction against Zillow’s new listing rules (what it calls “Listing Access Standards”), allowing the portal’s new rules to remain in effect while the broader antitrust lawsuit plays out. The decision delivers a significant legal setback for…
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Realtor.com reports growth as parent CEO calls rival Homes.com ‘at least a fixer-upper’
Report: Private Sector Adds 22,000 Jobs in January; Annual Pay Up 4.5%
Private sector employment increased by 22,000 jobs in January and pay was up 4.5% year-over-year, according to the January ADP National Employment Report, produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). The report is an independent measure of the labor market based on the anonymized weekly payroll data of…
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