NewsCorp, the parent company of Move and Realtor.com, recently reported a decline in revenue which they attributed to various factors including higher mortgage rates and macroeconomic headwinds. This decline has raised concerns within the industry and among investors about the future outlook for the company and the broader real estate market.
Key points:
– NewsCorp, parent company of Move and Realtor.com, reported a decline in revenue
– Decline attributed to higher mortgage rates and macroeconomic headwinds
– Industry and investors concerned about future outlook for company and real estate market.
You can read this full article at: https://www.housingwire.com/articles/realtor-com-revenue-falls-as-the-portal-wars-heat-up/(subscription required)
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