CoStar debuted Homes AI on Tuesday, its home search assistant that guides homebuyers through Homes.com listings and proprietary market data with natural language. The tool will be added to other CoStar-owned sites later.
Investors have recently questioned CoStar's investments in residential real estate. Industry experts told Inman the company would be wise to pay attention to the criticism.
New York City-based hedge fund D. E. Shaw & Co. on Wednesday criticized the board's "reckless" spending on the portal while continuing to push back its timeline for profitability. It also called into question CEO Andy Florance's generous cash and equity incentive awards.
A day after a prominent hedge fund investor launched a hostile takeover bid of CoStar’s board over concerns about the real estate portal, CoStar doubled down on its Homes.com strategy.
After investing heavily to create a fourth competing major real estate search portal, CoStar said Wednesday that it would cut spending on Homes.com by 35 percent this year.
As the industry transitioned into a new era, big-player power moves, shifting rates, reform at the National Association of Realtors, technology advancements and more made 2025 another consequential year for real estate.
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
CoStar Group released its Q3 earnings on Tuesday. Florance used the opportunity to deliver harsh criticism of rival Zillow, and outlined his competitive plan.
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Homes.com parent CoStar sued Zillow in July over what it described as "systematic infringement" of copyrighted images. Zillow has yet to formally respond, but has started taking the images down.
Last week, the industry's biggest names took the stage at Inman Connect San Diego to talk about real estate's hottest topics and biggest controversies.
At Inman Connect San Diego, Realtor.com CEO Damian Eales said it's time to turn the page on Clear Cooperation and focus on solving issues that will improve consumers' main challenge — affordability.