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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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HomeCoStar

CoStar

Andy Florance
Housing Wire

Move’s trade secret lawsuit is a ‘PR stunt,’ says CoStar’s Andy Florance

July 15, 2024 Allen Santos Comments Off on Move’s trade secret lawsuit is a ‘PR stunt,’ says CoStar’s Andy Florance

​ To Andy Florance, the CEO of CoStar Group, the trade secret lawsuit Move, Inc., the parent company of listing portal rival Realtor.com, recently filed against his firm is all a “PR stunt.” “Effectively, you […]

CoStar
Housing Wire

Move sues CoStar over alleged theft of trade secrets

July 12, 2024 Allen Santos Comments Off on Move sues CoStar over alleged theft of trade secrets

​ Move Inc., the parent company of Realtor.com, is suing CoStar Group, the parent company of rival Homes.com, over the alleged theft of portal data and documents. In a complaint filed on Tuesday in U.S. […]

Zillow
Housing Wire

Zillow or CoStar? NAR settlement terms could determine a winner

April 4, 2024 Mariel Alumit Comments Off on Zillow or CoStar? NAR settlement terms could determine a winner

​ Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy. The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 […]

CoStar
Housing

CoStar’s billion-dollar marketing spend to include four Super Bowl ads

February 11, 2024 Mariel Alumit Comments Off on CoStar’s billion-dollar marketing spend to include four Super Bowl ads

​ The portal wars are heating up. In an attempt to reach residential listing portal supremacy, CoStar Group (the parent company of Apartments.com and Homes.com) will air four advertisements during this Sunday’s broadcast of Super […]

CoStar Group
Weely Real Estate News

CoStar Group Completes Acquisition of UK Property Portal

December 13, 2023 Mariel Alumit Comments Off on CoStar Group Completes Acquisition of UK Property Portal

CoStar Group Inc. (NASDAQ: CSGP), a provider of online real estate marketplaces, information and analytics, has completed its acquisition of OnTheMarket, a residential property portal in the U.K., for approximately $125 million. OnTheMarket was founded […]

CoStar
Housing Wire

CoStar CEO: ‘We had zero involvement’ with commission lawsuits

November 17, 2023 Mariel Alumit Comments Off on CoStar CEO: ‘We had zero involvement’ with commission lawsuits

ANAHEIM, Calif. — Andy Florance, founder and CEO of CoStar Group, wants to set one thing straight: his company had nothing to do with the commission lawsuits now rocking the real estate world. “We had […]

Housing Wire

CoStar’s 50th quarter of double-digit revenue growth

October 25, 2023 Mariel Alumit Comments Off on CoStar’s 50th quarter of double-digit revenue growth

CoStar Group’s annual revenue increase of 12% during the third quarter of 2023 marked the 50th straight quarter of double-digit revenue growth. The company reported revenue of $625 million and net income of $91 million, […]

Housing Wire

CoStar poised to acquire UK-based residential portal OnTheMarket

October 19, 2023 Mariel Alumit Comments Off on CoStar poised to acquire UK-based residential portal OnTheMarket

CoStar Group, the parent company of real estate data giant CoStar, has made an offer to acquire OnThe Market, the third most visited residential property portal in the United Kingdom. The announcement bolsters the claim […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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