Tag Archives: costar

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 →

Proptech’s leader has been crashing on our couch this whole time

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According to expert Drew Meyers, everyone’s talking about proptech without even a whiff of the defining company in the category in the conversation. In fact, the largest proptech company is rarely mentioned. Continue reading →

Real estate companies are about to tell us just how bad the downturn is

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Many of the industry’s big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market. 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’s Homesnap and Broker Public Portal get a divorce

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BPP will pivot to creating a national “superset” of listing data for MLSs to power their own listing sites and developing a “Fast Pass” for real estate innovation. 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 →

After 2 years of hikes, rental market may be bound for ‘complete reversal’

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Yet another sign of a widespread housing slowdown emerged as monthly rent price acceleration declined after 20 consecutive months of rapid increases, new data suggests. Continue reading →

Redfin CEO: Market correction is ‘sharper’, ‘faster’ than expected

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Redfin CEO Glenn Kelman also said the flow of institutions into real estate has made housing more like the stock market, and that brokerages have to either “race to the top” or “race to the bottom.” Continue reading →

The run-up of single-family rental prices paused in May: report

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The jump in May was still well above the historical average, but it was the first time in 14 months that it hadn’t accelerated over the month before. Continue reading →

Q2: Multifamily rent slows in latest sign of rental market cooldown

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Current CoStar report finds ‘a continued downward trend in rent growth,’ as vacancy rates tick upward and rent price growth cools. The Sun Belt and South continue to see the fastest growth. Continue reading →