Technology roared to life in 2023, sending a current of excitement across brokerages, MLSs and the vendors who serve both. But it was AI's rapid acceleration that drove the narrative this year
Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations
In the opening remarks of CoStar Group's Q3 earnings call Tuesday, CEO Andy Florance revealed to investment analysts the company's grand plan to make Homes.com the portal of the future
CoStar Group earned $625M in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted 1,290% annual growth in Homes.com traffic
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
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
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
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 Homes.com
Opinion
Portal competitors are shelling out big money in an effort to dethrone Zillow, but do they stand a realistic chance?
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
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
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
Byron Lazine and Nicole White discuss Homes.com's alleged use of agent names to snag leads, trouble in the commercial real estate industry and the debate around mortgages and affordability
The search behemoth far and away led market share for search portals, drawing 44% of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis
Buying Realtor.com 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 Homes.com business