Tag Archives: Andy Florance

Andy Florance calls Realtor.com lawsuit ‘PR stunt,’ talks future

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Florance says Realtor.com lawsuit against CoStar is a response to Homes.com surpassing it in web traffic and takes aim at Zillow. Continue reading →

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

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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 →

Realtor.com parent sues CoStar Group, claiming theft of portal data

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“Competitors should never be allowed to cheat and steal to get ahead,” Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar. Continue reading →

CoStar Group taps Christian Lown of Freddie Mac as new finance chief

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Freddie Mac Executive Vice President and Chief Financial Officer Christian Lown will be taking his talents to CoStar Group in July, executives announced. Lown departs Freddie Mac on June 28. Continue reading →

Artificial intelligence is the all-in-1 tool real estate desperately needs

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Using artificial intelligence, the latest technology represents an opportunity for the real estate industry to rebrand itself at a time when solutions are sorely needed, writes Inman founder Brad Inman. Continue reading →

Andy Florance talks Homes.com, the fallacy of ‘pure buyer agency’

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CoStar Group founder and CEO Andy Florance shares the next chapter of Homes.com’s $1 billion marketing push and the fallacy of “pure buyer agency” as portals recalibrate their strategies amid a coming commission crunch. Continue reading →

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

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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 →

Homes.com President Dave Mele to part ways with CoStar

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After 10 years, Homes.com President Dave Mele has left the company to pursue other opportunities. Mele was instrumental in CoStar Group’s acquisition of the company in 2021 for $156 million. Continue reading →

Meet a high-touch underdog taking on the search portal Goliaths

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Movoto may be a familiar name, but under OJO’s ownership the brand is quietly embarking on a David-and-Goliath struggle for a place in the portal pantheon. Continue reading →

Matterport trimmed losses in the months before CoStar purchase

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The company’s net loss was 36 percent less than in 2023, according to Matterport’s earnings from the quarter. Revenue rose 5 percent for the quarter. Continue reading →