CoStar Group revenue rises in Q2 as Homes.com bookings hit $55M

CoStar Group’s revenue grew 12 percent year over year to $678 million, according to Q2 earnings Tuesday. Traffic for the Homes.com Network of websites increased 73 percent year over year to 148 million monthly average unique visitors. Continue reading

CoStar censured for claims made about traffic in Homes.com ads

The Better Business Bureau National Programs’ National Advertising Division has recommended that CoStar Group’s residential portal Homes.com ceases using claims that it has double the traffic of Realtor.com in its ads. CoStar Group has complied with th… Continue reading

‘It’s an arms race’: How portals are adapting to the commission crunch

The upending of NAR’s cooperative compensation rule is a double-edged sword for Zillow and its rivals, experts told Inman. These are the tools and tactics they’re adopting to suit the moment. Continue reading

Suddenly, it appears that portal traffic is a non-zero-sum game

Based on estimates of Homes.com’s traffic increase, it’s additive to the market and not affecting other portals’ traffic, Mike DelPrete writes. However, that’s not to say it won’t affect their businesses. Continue reading

CoStar Group tallies Q1 revenue growth on success of Homes.com

The Virginia-based commercial and residential real estate behemoth released its first-quarter earnings on Tuesday, which revealed the company grew its revenue 12 percent year over year to $656 million. The company remained profitable, although its net … Continue reading

Homes.com earns top 100 finish on global SEO ranking list

German search engine optimization (SEO) platform SISTRIX ranked portal Homes.com No. 43 on a list of fastest-growing domains in the U.S. The company has been ranking domains for 15 years. Continue reading

CoStar posts 50th-straight quarter of revenue growth in Q3 earnings

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