Andy Florance: Bombshell lawsuits will upend Zillow's business model
CoStar CEO Andy Florance dished with Intel about the commission lawsuits, Zillow and NAR as Homes.com nabbed 100M unique visitors for the first time ever in September
CoStar's Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
CoStar lawsuit accuses Homesnap founder of stealing trade secrets
The commercial real estate giant is seeking to stop Homesnap founder Guy Wolcott from marketing a new data-transfer platform, which CoStar alleges is 'a copycat' of its own tech
by Daniel Houston Oct 2
Despite Q2 decline, Realtor.com says it's ready to take on CoStar
Realtor.com parent company Move's quarter and yearly revenues have slipped, with the company bringing in $602M for the full year. But despite struggles, News Corp's CEO is confident in the brand
by Marian McPherson Aug 10
Economic anxiety accelerated Q1 multifamily rent growth slump
Inflation and recession fears pushed renters away from higher-priced, amenity-rich developments as rent growth at the highest tiers slowed to 1.5% annually, according to a new CoStar analysis
by Marian McPherson Apr 11
Despite slow market, CoStar sees revenue and profit rise in Q4
The company's revenue jumped 13% year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar's push into residential real estate
by Jim Dalrymple II Feb 21
Slowdown in apartment rent expected to continue, CoStar says
Rent dropped for a fourth straight month in November, with all but 6 of the nation's top 40 markets reporting flat or declining month-over-month rent
by Taylor Anderson Dec 5
CoStar cuts 100 jobs amid Homes.com restructuring
The cuts are part of an effort to integrate Homes.com with Homesnap and come at the tail end of a year in which CoStar has moved aggressively into the residential real estate sector
by Jim Dalrymple II Dec 1
CoStar to be included in S&P 500, issues $750M public stock offering
As it seeks to gain footing in the residential space, the online real estate behemoth says it plans to raise funds to keep growing as it joins an elite list of some of the nation’s biggest companies.
by Taylor Anderson Sep 15
CoStar, Adena Hefets take top Inman Innovator awards at ICLV
Out of nearly nearly 600 nominations received from the public, these are the real estate industry innovators that stood out in 2022, according to an announcement at Connect Las Vegas on Friday
Q2: Multifamily rent slows in latest sign of rental market cooldown
Current CoStar report finds 'a continued downward trend in rent growth,' as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth
by Taylor Anderson Jul 11
Take a look at what CoStar calls the empowering ‘Listing of the Future’
New feature set to provide more information about each individual property, including 3D tours, photos and the view out the window. ‘Getting on a prospect’s short list is very important’
by Taylor Anderson Jun 27
Inman Connect Las Vegas
Inman Connect Las Vegas is right around the corner. Get your ticket now for the best price
by Jodie Cordell Apr 20
News Quiz: Do you know the biggest stories for the week of Feb. 20?
CoStar Group, RE/MAX and Offerpad posted earnings reports this week, but news trickled down from all corners of the real estate industry. Test your knowledge of the biggest stories of the week
by Inman Feb 25
Zillow Offers is dead. But Zillow (and iBuying) is here to stay
At Connect Now on Tuesday, real estate analyst Mike DelPrete shared with Brad Inman where Zillow went wrong with Zillow Offers and what 'Zillow 3.0' could look like
by Marian McPherson Nov 16