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

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

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 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

Inman announces first round of exhibitors for ICNY22

Inman Group® announced 31 exhibitors for Inman Connect in New York, April 19 – 21, 2022. It’s the 25th anniversary of these events. Continue reading

Listing ‘mafias,’ the Amazon of real estate and other Connect standouts

This year’s highlights included the escalation of a Zillow-CoStar cold war, warnings that the market could turn and countless tips for agents who want to thrive in any kind of market. Continue reading

CoStar CEO likens Zillow to ‘mafia,’ suggest it’s ‘hijacking’ listings

Andy Florance weighed in on why his company is building a New York City portal and what he thinks of rival Zillow. Continue reading

CoStar revenue rises to new heights in latest earnings report

The company pulled in $499 million in revenue during the third quarter of this year. That’s a 17 percent jump compared to last year at the same time. Continue reading

‘It’s about time’: Agents cheer as Zillow braces for portal war in NYC

Agents across New York City were enthusiastic Thursday after CoStar-owned Homesnap and the Real Estate Board of New York announced plans to launch a search portal in 2022. Continue reading

CoStar takes aim at Zillow in NYC with launch of Citysnap portal

Homesnap’s new portal will launch across NYC in 2022. It’s the latest development in a simmering search portal war between CoStar and Zillow. Continue reading