CoStar accuses Zillow of spreading “intentional misrepresentations” after Zillow pulled Matterport 3D tours. Here’s what it means for agents.
Zillow has removed all Matterport 3D tours after CoStar ended its API deal. Meanwhile, the Supreme Court ends Zillow’s legal battle with REX.
The latest Zillow report reveals a 45.3% rise in U.S. home values since February 2020, with Miami, Austin, and New York City seeing the highest growth in home values and rent prices. The report also highlights shifts in buyer preferences.
According to Zillow’s 2024 Consumer Housing Trends Report, 89% of home sellers in 2024 used a real estate agent, with most expecting agents to provide digital tools like virtual tours and high-resolution photography.
On Monday, April 22, CoStar Group, Inc., announced it has acquired all outstanding shares of Matterport with a cash and stock transaction valued at $5.50 per share—adding up to an estimated $1.6 billion of enterprise value.
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