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

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

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

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

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

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

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

CoStar CEO Andy Florance accused of bullying and gunplay: Report

Dozens of current and former CoStar employees said CEO Andy Florance’s heavy-handed management tactics, which includes publicly ridiculing staffers, made them fearful for their jobs. Continue reading

Real estate in 2021 was weird, wild and always unpredictable

The year saw explosive rivalries, wild stock market performances and plenty of rage. Continue reading

WATCH: CoStar CEO on competitors ‘hijacking’ listings

In this complete interview from Inman Connect Las Vegas, Andy Florance weighed in on why his company is building a New York City portal and what he thinks of CoStar’s rivals. Continue reading

Zillow Offers collapse is proof of the Zestimate’s inaccuracy

Bernice Ross has written about the inaccuracies of the Zestimate since it launched in 2006. Here, she outlines why Zillow’s decision to shut down its iBuying business is more than just a response to the extreme volatility of the Zestimate, but rather a… Continue reading