Tag Archives: Andy Florance

CoStar scores win as activist investor drops Homes.com fight

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The hedge fund Third Point was one of two major players that was strongly critical of CoStar’s attempt to compete with three leading residential real estate portals Continue reading →

CoStar spars with investor amid ongoing battle over Homes.com

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Investment firm D.E. Shaw said that CoStar had changed the way it reported the performance of Homes.com amid questions about the portal’s future. Continue reading →

CoStar continues defense of Homes.com strategy

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CEO Andy Florance said Homes.com has the winning short- and long-term strategy after revealing that the company kept adding paid members in 2025. Continue reading →

Gary Keller on Compass-Anywhere: ‘I wouldn’t have done it’

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Gary Keller delivered his annual State of the Housing Market keynote on Monday, musing on sales trends and market competitiveness — while offering a few quips about Compass and CoStar. Continue reading →

How to capture massive share in today’s tough real estate market

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Old school marketing strategy married to AI customization is the secret to success in today’s new and very competitive marketplace, Bernice Ross writes. Continue reading →

CoStar lays off staff amid drastic Homes.com cost-cutting campaign

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The company has vowed to slash over 35 percent of its spending on Homes.com after years of attempting to build a fourth major real estate listings search portal. Continue reading →

Homes.com moves toward filterless search with AI assistant

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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. Continue reading →

Is Homes.com still a viable portal war contender?

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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. Continue reading →

2nd CoStar investor urges giving up on Homes.com amid losses

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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 … Continue reading →

Homes.com isn’t going anywhere, CoStar says in response to investor

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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. Continue reading →