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. Continue reading
CoStar Group earned $625 million in Q3, clinching its 50th consecutive quarter of revenue gains. The company also highlighted a 1,290 percent annual growth in Homes.com traffic. Continue reading
CoStar CEO Andy Florance dished with Intel about the commission lawsuits, nemesis Zillow and NAR as Homes.com nabbed 100 million unique visitors for the first time ever in September. Continue reading
In a sign of the listing portal’s growing influence, Homes.com hit more than 100 million unique visitors in September, sparking a 1,290 percent annual increase in traffic. Now the portal is second only to Zillow. Continue reading
Nearly three years after Saturday Night Live declared “real estate is your sex now” in a popular Zillow parody, mind share around the industry is sagging, according to an Intel analysis of traffic data. Continue reading
The commercial and would-be residential giant saw revenue jump 13 percent year over year in the second quarter while profit climbed 20 percent, according to a 2Q earnings call Tuesday afternoon. Continue reading
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. Continue reading
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. Continue reading
Zillow has the most traffic, according to an analysis by Intel, but at least one rival is growing rapidly in what one observer compared to a Game of Thrones-style gauntlet run. Continue reading
Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company’s first-quarter earnings report. Continue reading