Andy Florance - Real Estate Investor Pulse

Move’s trade secret lawsuit is a ‘PR stunt,’ says CoStar’s Andy Florance

July 15, 2024 Allen Santos Comments Off

To Andy Florance, the CEO of CoStar Group, the trade secret lawsuit Move, Inc., the parent company of listing portal rival Realtor.com, recently filed against his firm is all a “PR stunt.” “Effectively, you […]

CoStar’s Andy Florance on the rise of Homes.com, the impact of the buyer commission lawsuits & more

October 4, 2023 Mariel Alumit Comments Off

Since acquiring Homes.com in 2021, commercial real estate giant CoStar Group has made it crystal clear that it was playing for keeps in the residential real estate market. In less than two and a half […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]