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Zillow Group reported an 18% increase in second-quarter revenue Wednesday, topping its high-end forecast even as the online real estate giant posted a narrow net loss over the quarter, just one day after announcing 500 layoffs companywide. The results outpaced the overall 6% growth in the U.S. real estate industry over the same period a…

The post Zillow Claims No Impact From Lawsuits, Google Initiative as Portal Posts 18% Revenue Growth appeared first on RISMedia.

Two state ballot initiatives in Missouri, focused on major changes to taxation and grassroots ballot measures, were both soundly defeated last night, as the state Realtor® association joined with the rival American Association of Realtors (ARA) to oppose the initiatives. Amendment 5 would have removed the state income tax but likely would have increased taxes…

The post ARA, Realtors® Celebrate Joint Advocacy Victory in Missouri appeared first on RISMedia.

Those shopping for a home or a refinance for a lower rate appear to be moving back to the sidelines this past week, as application activity for both has declined for a second consecutive week following mortgage rates rising to their highest point in more than a year.  The latest Market Composite Index from the…

The post Home Shoppers Pull Back as Rates Hit Highest Point in Over a Year appeared first on RISMedia.