Dave Mele Steps Down As President Of Homes.com

Dave Mele, long-time president of Homes.com and a driver of its acquisition by CoStar Group, is leaving the company and the real estate industry altogether. Mele broke the news to Real Estate News, saying he plans to pursue “an opportunity outside of the real estate industry.” No comment has been made on who will take over in his absence. Prior to joining Homes.com, Mele worked in the publishing industry at a Virginia newspaper. As Homes.com’s president for more than a decade, he is known for guiding its acquisition by CoStar in 2021. Since then, it has become a major player in the world of home search websites. “We are grateful to David Mele for his contributions to Homes.com over the…

Survey: Only 3 In 10 Veterans Know About Zero Down Payment Benefit

By KIMBERLEY HAAS Veterans are encouraged to learn more about their home loan benefits after a national survey found that a majority of former service members do not know they are eligible for a zero-down payment plan. According to information from Realtor.com, just three out of 10 veterans know they can use their VA benefits to buy a home with no money down. That statistic comes from a survey conducted last month. “VA home loans offer many benefits, especially at times like this when affordability is such a major factor in home purchase decisions. Yet only a small portion of eligible veterans are tapping into the financial benefits they deserve for their service,” Damian Eales, CEO at Realtor.com, said in…

New Realtor.com Leadership As Move CEO Steps Down

Realtor.com is getting new leadership, with Move, Inc. CEO David Doctorow stepping down, company officials announced in a press release. Doctorow spent the last three years leading Move, the parent company of Realtor.com and several other real estate brands. During his time, Realtor.com saw record revenues, audiences, and consumer satisfaction. The website saw average monthly users reach a high of over 100 million in 2022. A new mobile app, a home search algorithm incorporating AI, and new agent/broker products all launched under Doctorow. In addition, Doctorow strengthened employee and industry relationships, as well as completed the integration of OpCity into the Realtor.com business. The acquisitions of Avail and UpNest were also executed under his leadership. Doctorow will be succeeded by…