Tag Archives: Andy Florance

Zillow sees revenue dip in Q4, but manages to trim losses

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The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon. Continue reading →

CoStar considering purchase of Realtor.com parent: Report

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Acquiring Realtor.com would significantly advance CoStar’s push into residential real estate — and bring it into greater conflict with the industry’s existing power players. Continue reading →

CoStar cuts 100 jobs amid Homes.com restructuring

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The cuts are part of an effort to integrate Homes.com with Homesnap and come at the tail end of a year in which CoStar has moved aggressively into the residential real estate sector. Continue reading →

CoStar sees revenue, profit jump in Q3 despite slowing housing market

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In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer. Continue reading →

CoStar to be included in S&P 500, issues $750M public stock offering

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As it seeks to gain footing in the residential space, the online real estate behemoth says it plans to raise funds to keep growing as it joins an elite list of some of the nation’s biggest companies. Continue reading →

CoStar debuts Citysnap search portal as Zillow rivalry continues

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The Citysnap real estate search portal includes homes for sale and rent in New York City. It also represents the latest chapter in a rivalry between CoStar and Zillow. Continue reading →

CoStar eyes ‘ambitious’ investment in residential following banner Q1

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The commercial behemoth is ramping up spending by as much as $220 million, with “well over” 1,000 people overhauling its residential websites, CoStar CEO Andy Florance said during an earnings call Friday. Continue reading →

Inman Connect returns: Big parties, tech’s reckoning and a Zillow pile-on

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The event wrapped up this week after a two-year, pandemic-forced hiatus — and highlighted all the ways the real estate industry is still evolving. Continue reading →

Zillow president says agents are essential, criticizes dual agency

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Zillow President Susan Daimler on Tuesday praised the “essentialism” of real agents, while also subtly knocking rival CoStar. Continue reading →

Inman Connect turns 25: The top 20 moments of real estate’s best bash

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The event has come a long way since its beginnings in the woods of Sonoma County, California. Continue reading →