Tag Archives: costar

Zillow now accounts for nearly half of all real estate web traffic: Analysis

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The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar’s Homes.com leaped by bounds last month, according to an analysis. Continue reading →

Real estate took a drubbing in Q4, but some companies still surprised

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Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves. Continue reading →

CoStar will not acquire portal Realtor.com after all

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Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business. Continue reading →

Despite slow market, CoStar sees revenue and profit rise in Q4

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The company’s revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar’s push into residential real estate. Continue reading →

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 →

Cost cutting and existentialism: What to expect from earnings

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Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading →

News Corp will slash 1,250 jobs following rough real estate earnings

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Move Inc. revenue fell $23 million in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale. 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 →