CoStar posts profitable Q2 as real estate portals tally record traffic
The commercial and would-be residential giant saw revenue jump 13% year over year in the second quarter while profit climbed 20%, according to a 2Q earnings call Tuesday afternoon
by Jim Dalrymple II Jul 25
Here's how CoStar can beat Zillow and win the real estate portal wars
CoStar is already borrowing a page from other big insurgent companies including Nike, Apple and Pepsi. But whether it can surpass Zillow may depend on how much it spends, analysts told Intel
by Ben Verde Jul 19
CoStar to sunset Homesnap brand this year as it transitions to Homes
The real estate juggernaut is sunsetting the Homesnap brand name and products by the end of the year in favor of transitioning users to its dominant residential real estate brand
CoStar, Zillow and the next phase of the portal wars
Portal competitors are shelling out big money in an effort to dethrone Zillow, but do they stand a realistic chance?
by Mike DelPrete May 31
The portal wars: Can any challenger seize the throne from Zillow?
Zillow has the most traffic, according to an analysis by Intel, but at least 1 rival is growing rapidly in what one observer compared to a Game of Thrones-style gauntlet run
by Jim Dalrymple II May 24
Eyes on inventory as Q1 earnings ramp up following a chilling 2022
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next
by Jim Dalrymple II May 3
CoStar Group bucks sluggish market as revenue jumps 13% in Q1
The company, which in recent years has been making inroads into the residential space, reported that both and saw significant growth in the first quarter of 2023
by Jim Dalrymple II Apr 25
Is selling your own leads back to you?
Byron Lazine and Nicole White discuss's alleged use of agent names to snag leads, trouble in the commercial real estate industry and the debate around mortgages and affordability
by Byron Lazine Mar 31
Zillow now accounts for nearly half of all real estate web traffic: Analysis
The search behemoth far and away led market share for search portals, drawing 44% of all real estate web traffic, but CoStar's leaped by bounds last month, according to an analysis
by Ben Verde Mar 24
CoStar will not acquire portal after all
Buying was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its business
by Jim Dalrymple II Feb 21
CoStar's Homesnap and Broker Public Portal get a divorce
BPP will pivot to creating a national 'superset' of listing data for MLSs to power their own listing sites and developing a 'Fast Pass' for real estate innovation
by Andrea V. Brambila Sep 26
CoStar eyes 'ambitious' investment in residential following banner Q1
The commercial behemoth is ramping up spending by as much as $220M, with 'well over' 1,000 people overhauling its residential websites, CoStar CEO Andy Florance said during earnings call
by Matt Carter Apr 29
Inman announces first round of exhibitors for ICNY22
Real estate tech and service companies celebrate 25 years of industry-leading events this spring in New York
5 big challenges for CoStar in 2022
The commercial real estate juggernaut has set its sights on residential sales and faces a bumpy road against incumbents Zillow, Redfin and
by Andrea V. Brambila Dec 30
Real estate in 2021 was weird, wild and always unpredictable
The year saw explosive rivalries, wild stock market performances and plenty of rage
by Jim Dalrymple II Dec 13