US Market News
3日前
CoStar Data Shows Birmingham Posted Highest Retail Investment Volumes Since 2016June 3, 2026 7:19 AM
Business Wire Shopping centre sales pushed Birmingham retail investments to a 10-year high, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260603350136/en/Birmingham Posted Highest Retail Investment Volumes Since 2016 The rolling 12-month average quarterly volume reached £202 million to the end of Q1, double the five-year annual average. “The pricing and scale of acquisitions reflect confidence in Birmingham’s position as a core retail destination, supported by strong footfall, a diverse occupier mix and continued inward investment into the city centre,” said Giles Tebbitts, director of market analytics at CoStar Europe. “For institutional capital, these assets offer secure income and long-term repositioning potential, particularly as consumer behaviour stabilises and experiential retail continues to anchor destination schemes.” The 1.4 million sq ft Merry Hill shopping centre is now more than 96% let, with footfall rebounding to 15 million in 2025 and sales rising 4.3% year-on-year. A £125 million investment programme has reshaped the asset, delivering over 300,000 sq ft of new and upgraded space, including leisure operators and new retail concepts. “Investor sentiment has softened following the escalation of the Iran conflict, increasing caution in capital markets, with some investors pausing deployment or repricing risk,” said Tebbitts. “Transactional activity has become more selective and pricing momentum has stabilised, contrasting with the stronger recovery seen in the months leading up to the conflict.” The full analysis can be found here. For more information about the company and its products and services, please visit www.costargroup.com. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260603350136/en/ Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com Original: CoStar Data Shows Birmingham Posted Highest Retail Investment Volumes Since 2016
US Market News
1週前
CoStar Group to Acquire Zonda, the Leader in New Home Data, Analytics, and Online MarketplacesMay 29, 2026 8:00 AM
Business Wire Acquisition adds the homebuilding industry's leading B2B information platform - used by builders, developers, and lenders - and brings NewHomeSource.com, the category-defining new home marketplace, into CoStar Group's family of marketplaces. CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics across the property markets, today announced that it has entered into a definitive agreement to acquire Zonda, a leading provider of new home construction data, homebuilder software, and residential real estate marketplaces, for $800 million in cash. Zonda serves more than 3,000 customers across the homebuilding ecosystem, including many of the largest residential builders, developers, suppliers, and lenders in North America. Its platform delivers end-to-end solutions spanning land acquisition, development planning, homebuilding analytics, construction forecasting, community marketing, operational workflow management, and online new home marketplaces. Zonda is an attractive B2B business with strong profit margins. The majority of its revenue is subscription-based, with an impressive 104% net customer retention. At the core of Zonda is a proprietary, lot-level database covering new home communities, land development activity, construction status, home sales, and builder operations. This data and the software built around it are deeply embedded in builder workflows and are widely used to support underwriting, land strategy, capital allocation, development planning, forecasting, and sales operations across the industry. Zonda also operates NewHomeSource and Livabl, two leading online new home marketplaces in the United States and Canada. Top homebuilders contribute listings directly to these marketplaces, giving buyers broad visibility into new home inventory across the development ecosystem. Zonda’s platforms offer comprehensive listing experiences — including floor plans, virtual tours, pricing, incentives, and community details — designed to guide buyers from early research through purchase. Because these marketplaces feature new construction exclusively, they give builders highly targeted consumer marketing, lead generation, and merchandising — uncluttered by resale inventory. According to the Census, the annual value of new residential construction in the U.S. approaches $1 trillion - a market materially larger than the annual rent rolls of the institutional apartment and office sectors that CoStar Group has so successfully monetized. CoStar Group believes Zonda's builder relationships, workflow integrations, marketplace platforms, and market intelligence will create meaningful cross-sell opportunities across the company's commercial, residential, multifamily, lending, and analytics businesses. The acquisition will also pair Zonda's Envision visualization and digital merchandising capabilities with Matterport's industry-leading spatial technology. Together, they will create richer digital experiences for builders and consumers and improve how new construction homes are marketed, visualized, and discovered online. "Zonda has built an extraordinary business with deep relationships across the homebuilding industry and one of the most valuable proprietary datasets in new home real estate," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "This acquisition extends CoStar Group's leadership into a major new segment of the real estate industry and strengthens our ability to provide clients with comprehensive information solutions across every major real estate segment. We believe the combination will deliver deeper insights, workflow efficiencies, and analytics to the homebuilding industry, while strengthening our core information offerings and significantly expanding our new home marketplace capabilities." The acquisition is expected to be accretive to adjusted EPS in the first full year of ownership and to close in the second half of 2026, subject to customary closing conditions and required regulatory approvals. BofA Securities is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to CoStar Group. About CoStar Group CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. Forward-Looking Statements This news release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future and the pending acquisition of Zonda, the expected timetable for completing the transaction, benefits of the transaction and future opportunities for the combined businesses. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: risks associated with the ability to consummate the pending transaction and the timing of the closing of the pending transaction; the ability to successfully integrate operations and employees; the ability to realize anticipated benefits from the transaction as rapidly or to the extent anticipated; the potential impact of announcement of the transaction or consummation of the transaction on business relationships, including with employees, customers, suppliers and competitors; and costs, fees, expenses and charges related to the transaction. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2025 and Form 10-Q for the quarterly period ended March 31, 2026, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260529978168/en/ Investor Relations: Rich Simonelli
Head of Investor Relations
CoStar Group
(973) 896-8184
getrich@costar.com News Media: Matthew Blocher
Vice President
CoStar Group
(202) 346-6775
mblocher@costar.com Original: CoStar Group to Acquire Zonda, the Leader in New Home Data, Analytics, and Online Marketplaces
US Market News
2週前
CoStar Data Shows Office Yield Gap Narrowing Between London and the Big SixMay 22, 2026 3:00 AM
Business Wire Improving investor sentiment narrows the office yield gap between London and major regional markets, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260522576099/en/Softening pricing in London as office yield spread with the regions narrows Based on a three-quarter trailing average, London’s transaction-based office yield rose 50 basis points to 6.5% in Q1 2026, up from 6% in Q4 2025 and a recent low of 5.8% in Q3 2025. “Average office yields outside London fell slightly after reaching a 12-year high at the end of 2025, with regional yields declining by 30 basis points in Q1 2026, though remaining elevated at 10.3%,” said Mark Stansfield, senior director of market analytics at CoStar Europe. “The yield spread between London and the regions narrowed to 370 basis points, from 480 basis points two quarters ago, but remains historically wide.” Average central London office yields rose by 30 basis points to 5.7%, while Big Six office yields compressed by 30 basis points to 8.8%. “The yield spread between central London and the Big Six narrowed to 310 basis points,” said Stansfield. “This is down from 430 basis points two quarters ago, when the gap reached its widest this century.” Retail yields held at 7.1%, while industrial yields compressed by 20 basis points to 6.9%, halting the increases seen throughout 2025. The full analysis can be found here. For more information about the company and its products and services, please visit www.costargroup.com. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260522576099/en/ Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com Original: CoStar Data Shows Office Yield Gap Narrowing Between London and the Big Six
US Market News
2週前
Homes.com Shares Most Expensive Home Sales Across Major U.S. Markets in AprilMay 20, 2026 6:08 PM
Business Wire $47 million estate in Miami marks the highest publicly marketed home sale of the month, with multiple markets exceeding transactions above $20 million Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, published the most expensive publicly marketed home sales across major U.S. metropolitan areas for the month of April. The full analysis is available here. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520219371/en/Comparing the nation's priciest publicly marketed home sales The list highlights the top closed sales in leading markets nationwide based on publicly marketed transactions recorded in multiple listing service (MLS) data. April’s most expensive sale occurred in Miami, where a waterfront estate in Coral Gables sold for $47 million. Los Angeles and Phoenix followed with $41 million and $32 million transactions respectively, while San Francisco recorded the fourth-highest publicly marketed sale at $27.5 million. The full roundup of the most expensive publicly marketed home sales includes: Miami: $47 million Los Angeles: $41.3 million Phoenix: $32.5 million San Francisco: $27.5 million New York City: $22 million Tampa: $19.1 million Seattle: $14 million Las Vegas: $10.5 million Boston: $9.5 million Atlanta: $7. 8 million San Diego: $7.4 million Washington, D.C.: $7 million Minneapolis: $6.7 million Chicago: $6.3 million Philadelphia: $5.8 million Denver: $5.6 million Charlotte: $5.2 million Nashville: $5.1 million Cleveland: $3.2 million A $21.5 million mansion in Houston’s River Oaks neighborhood was also included in the April roundup of top sales but is not reflected in the chart, as Texas is a nondisclosure state where home sale prices are not required to be publicly reported. The distribution of these top-tier transactions highlights the continued concentration of ultra-luxury sales at the very top end of the market, led by water-view properties across several major metros. Miami, Los Angeles, Phoenix, San Francisco and New York City all recorded publicly marketed sales above $20 million, underscoring the continued demand for luxury homes with premium views and high-end amenities. Based on MLS data found on Homes.com, the analysis captures publicly marketed transactions and does not include private or off-market deals, which are common in the highest tier of the housing market. For more information and insights on the latest homebuying and selling market trends, visit Homes.com. About Homes.com The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021. Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members gain $36,400 in commission in their first year* because they offer the home sellers a real estate portal that works for them not against them. The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** and organic traffic to Homes.com was up more than 100% year-over-year every month of the first quarter of 2026. For more information, visit Homes.com. *Based on an internal analysis of approximately 11,000 Member agents, which showed an average annual commission increase of $36,400. This figure represents an average and is not a guarantee of future performance. Individual results may vary based on market conditions, agent activity, and other factors. ** The Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics. About CoStar Group CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520219371/en/ Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com Original: Homes.com Shares Most Expensive Home Sales Across Major U.S. Markets in April
US Market News
2週前
CoStar Data Shows Glasgow City Centre Office Leasing Hits 230,000 Sq. Ft. in Q1 2026May 20, 2026 5:02 AM
Business Wire Glasgow’s city centre recorded its highest quarterly office take-up since 2021, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520059572/en/Glasgow City Centre Office Leasing Hits 230,000 Sq. Ft. in Q1 2026 Take-up in the first three months of the year rose 85% quarter-on-quarter and 34% year-on-year. On a rolling four-quarter basis, occupier demand remained stable at around 600,000 sq. ft., up more than a third on the average between H2 2022 and H1 2024. “Activity was driven by a return of larger deals, with three lettings above 20,000 sq. ft. signed in the city centre in Q1, more than in the whole of 2025,” said Grant Lonsdale, senior director of market analytics at CoStar Europe. “This pushed the average city centre deal size to around 6,000 sq. ft. in Q1 and 4,600 sq. ft. on a rolling annual basis, roughly 50% higher than two years earlier and the highest since Q3 2021.” A total of 28 lettings below 5,000 sq. ft. were recorded in the City Core in Q1, taking the rolling four-quarter total to 133, nearing a record high. Vacancy remains elevated at 12.4% across Glasgow and 15.8% in the city centre. The full analysis can be found here. For more information about the company and its products and services, please visit www.costargroup.com. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520059572/en/ Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com Original: CoStar Data Shows Glasgow City Centre Office Leasing Hits 230,000 Sq. Ft. in Q1 2026
US Market News
3週前
Homes.com Report: Home Prices Rise Modestly as Inventory ExpandsMay 19, 2026 5:00 PM
Business Wire National median home sale price increased modestly in April, while differences across large housing markets became more pronounced Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released its April 2026 housing market report, showing that national home prices continued to rise modestly compared with a year earlier, even as conditions varied widely across major metropolitan areas. The national median home sale price in April was $390,000, up 1.7% from April 2025. Active listings rose 6.3% year-over-year, marking a continued expansion in inventory that is increasingly shaping local market outcomes. Home sales were also slightly higher than a year ago, increasing 0.6% year-over-year, even as affordability constraints continued to weigh on sales activity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519862264/en/US Sale Prices Key Indicators Market-level differences become more visible April data highlighted sharp contrasts across large markets that reflected differences in supply-and-demand conditions. In San Francisco, persistently tight supply and robust demand were reflected in home prices that grew 7.6% year-over-year as sales increased while inventory contracted. Just south of San Francisco, San Jose followed a markedly different path with prices falling 2.6% from a year earlier and sales declining 1.9% while inventory expanded by 8.4%. The growing divergence between neighboring Northern California markets illustrates how metros that are so closely linked can move in vastly different directions as local conditions evolve. Outside the West Coast, several Midwest markets continued to post relatively strong price growth. Median home prices increased by more than 7% in Cleveland, Kansas City, and Pittsburgh, and grew strongly in several other markets, even as each experienced year-over-year growth in the number of homes available for purchase. These patterns suggested that inventory expansion alone has not been sufficient to restrain price growth in markets where demand has remained resilient. “These differences reflect how national price growth is increasingly shaped by local supply conditions,” said Brad Case, Homes.com Chief Residential Economist. “Markets where inventory remains tight are still seeing prices hold up or rise, while prices are showing clearer signs of softening in other markets—even very nearby ones—with more inventory or greater sensitivity to demand shifts.” Overall, April data at the national level pointed to a housing market that gradually continues to normalize. However, expanded inventory, modest price growth, and slightly higher sales at the national level have masked substantial variation in price, sales, and supply conditions across regions and large metropolitan markets. Additional market insights and reports are available at https://www.homes.com/reports/. About Homes.com The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021. Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members gain $36,400 in commission in their first year* because they offer the home sellers a real estate portal that works for them not against them. The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** and organic traffic to Homes.com was up more than 100% year-over-year every month of the first quarter of 2026. For more information, visit Homes.com. * Based on an internal analysis of approximately 11,000 Member agents, which showed an average annual commission increase of $36,400. This figure represents an average and is not a guarantee of future performance. Individual results may vary based on market conditions, agent activity, and other factors. ** The Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics. About CoStar Group CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519862264/en/ Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com Original: Homes.com Report: Home Prices Rise Modestly as Inventory Expands
US Market News
3週前
CoStar Data Shows U.K. Economy Outperformed Growth Expectations in Q1 2026May 18, 2026 4:43 AM
Business Wire Led by broad increases across the services sector, the U.K. economy expanded in March, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518451277/en/U.K. Economy Outperformed Growth Expectations in Q1 2026 Quarterly growth reached 0.6%, up from 0.1% in the final three months of 2025, with March expanding by 0.3%. Construction also returned to growth, rising 0.4%, largely driven by repair and maintenance activity rather than new projects. Meanwhile, production output, including manufacturing, edged up 0.2%. “The latest U.K. PMI data points to a stronger-than-expected economic backdrop,” said Patrick Scanlon, senior director of market analytics at CoStar Europe. “With manufacturing output rising to a near four-year high (53.6 in April) and services activity continuing to expand at a steady pace (52.7).” On a monthly basis, the most significant drag on gross domestic product came from a 6.4% decline in travel agency and tour operator activity. The full analysis can be found here. For more information about the company and its products and services, please visit www.costargroup.com. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518451277/en/ Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com Original: CoStar Data Shows U.K. Economy Outperformed Growth Expectations in Q1 2026
US Market News
3週前
Costar Data Shows Big Six Q1 Office Investment Volumes at Their Highest Since 2018May 13, 2026 5:02 AM
Business Wire The Big Six office investments reached an eight-year high in the first quarter of 2026, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513435468/en/Big Six Q1 Office Investment Volumes at Their Highest since 2018 Investors spent £485m across Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester in the first quarter of the year, slightly above the five-year average. Manchester led activity for the second consecutive quarter, with volumes exceeding £120m, just ahead of Edinburgh (£113m) and Bristol (£88m). All three cities recorded transactions above £50m, led by a 200,000-square-foot sale for around £114m at a 6.85% net initial yield. “Most of the large deals were completed before March, which was too early in the quarter to be affected by the war in Iran,” said Giles Tebbitts, director of market analytics at CoStar Europe. “Lower entry prices, attractive net initial yields and an undersupply of prime, well-located space have drawn investors, as the market has moved through the worst of its repricing phase.” The largest out-of-town transaction was in Solihull town centre, a £12.5m deal for 70,800 sq. ft. at a net initial yield of 11.95%. The full analysis can be found here. For more information about the company and its products and services, please visit www.costargroup.com. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260513435468/en/ Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com Original: Costar Data Shows Big Six Q1 Office Investment Volumes at Their Highest Since 2018
US Market News
1月前
CoStar Data Shows Offices Leading UK Investment in Q1 2026May 6, 2026 5:05 AM
Business Wire The office sector attracted the largest share of investment in the first quarter of 2026, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260506436227/en/Offices Leading UK Investment in Q1 2026 Office investment reached £2.9 billion, accounting for 30% of total volumes, with activity concentrated in larger lot sizes in London and a small number of key regional cities. Industrial investment totalled £1.8 billion, marking the sector’s weakest quarterly out-turn in nearly six years. Retail investment stood at £1.2 billion, halved from the previous quarter and 60% below the five-year quarterly average. Hotel investment also totalled £1.2 billion, although rising energy costs and geopolitical uncertainty present near-term headwinds. “UK commercial property investment totalled £9.7 billion in the first quarter of 2026,” said Grant Lonsdale, senior director of market analytics at CoStar Europe. “This was less than half the volume recorded in last year’s final quarter, when US investors deployed nearly £10 billion into healthcare assets, and nearly 40% below the five-year first-quarter average.” The full analysis can be found here. For more information about the company and its products and services, please visit www.costargroup.com. About CoStar Group CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom. CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506436227/en/ Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com Original: CoStar Data Shows Offices Leading UK Investment in Q1 2026
US Market News
1月前
CoStar Data Shows U.K. Hotel RevPAR on an Upward TrajectoryMay 1, 2026 5:38 AM
Business Wire
The U.K. industry posted improved revenue per available room (RevPAR) in March, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260501942837/en/The U.K. industry posted improved revenue per available room (RevPAR) in March
In the first quarter of 2026, the U.K. recorded a 1.2% increase in RevPAR, while occupancy remained flat, supported by events in regional markets including Glasgow, Manchester, Cardiff and Birmingham.
The Barclays UK Consumer Spend Report also showed travel spending fell in March for the first time in five years, with year-on-year declines across travel agents, airlines and public transport,” said Cristina Balekjian, principal market analyst at CoStar Europe. “Cancellations of overseas travel plans could boost demand for domestic staycations, as seen over the Easter weekend when demand spiked from Good Friday to Easter Sunday, although rate growth remained challenging.”
Looking ahead, stronger demand from British travellers staying closer to home is expected to support key U.K. tourist destinations, particularly over the summer, while London, which is more reliant on international and long-haul demand, may face greater challenges than regions driven primarily by domestic travel.
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that London occupancy demand is not negatively impacted as increasing demand for short distance travel to other U.K. regions would suggest and the risk that higher demand in U.K. regions other than London due to domestic travel by British travelers does not continue as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2022 and Forms 10-Q for the quarterly periods ended March 31, 2023, June 30, 2023, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260501942837/en/
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Shows U.K. Hotel RevPAR on an Upward Trajectory
US Market News
1月前
CoStar Data Shows London Southern Fringe Office Leasing Reached Nine-Year HighApril 28, 2026 3:00 AM
Business Wire
Increased activity among smaller occupiers in 2025 drove leasing volumes in London’s Southern Fringe to their highest level since 2016, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428881126/en/CoStar Data Shows London Southern Fringe Office Leasing Reached Nine-Year High
Leasing rose to almost 1 million sq. ft., driven by a pre-let of nearly 500,000 sq. ft. at Battersea Power Station. Traditionally, leasing volumes have been heavily influenced by a small number of large transactions in the Southern Fringe, bounded by Putney, Lewisham, Streatham and Borough.
“Take-up over the past 12 months has been driven more by deal frequency than by overall volume,” said Patrick Scanlon, senior director of market analytics at CoStar Europe. “Leasing activity in 2025 totalled around 440,000 sq. ft., with the largest transaction measuring 29,000 sq. ft. in August, followed by a 14,600-sq.-ft. letting in December.”
The strong second half of 2025 was followed by a slowdown in activity in Q1 2026, with only one deal larger than 10,000 sq. ft. (19,670 sq. ft.) recorded in the first three months of the year.
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428881126/en/
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Shows London Southern Fringe Office Leasing Reached Nine-Year High
US Market News
1月前
CoStar Data Shows Midlands Big-Box Market Reaches Turning Point as Supply Starts to FallApril 24, 2026 5:38 AM
Business Wire
Big-box warehouse supply across the Midlands has begun to fall after the turn-of-the-year peak, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260424621936/en/CoStar Data Shows Midlands Big-Box Market Reaches Turning Point as Supply Starts to Fall
Availability has fallen by around 5m sq. ft. in recent months due to stronger occupier demand and a moderating construction pipeline, following a prolonged period of rising supply. Despite this decline, it remains historically high at around 30m sq. ft.
“Many occupiers are now moving earlier to secure space,” said Grant Lonsdale, senior director of market analytics at CoStar Europe. “This is particularly evident in established distribution locations with strong motorway access, driving around 6m sq. ft, of take-up across the Midlands in the opening months of this year.”
At the same time, construction activity has slowed markedly, with around 70% of the region’s big-box space under construction pre-let, limiting new availability in the coming months. At 9.3m sq. ft., the pipeline is 40% smaller than two years ago and half its 2022 peak.
“Tightening market conditions are likely to stabilise incentives and rental levels after a period of subdued activity,” said Lonsdale. “While rental growth may remain selective and scheme-specific, the balance of power may be beginning to shift modestly back toward landlords, particularly owners of high-quality warehouses.”
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260424621936/en/
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Shows Midlands Big-Box Market Reaches Turning Point as Supply Starts to Fall
US Market News
2月前
CoStar Data Shows Aire Park Driving New Rental Highs in LeedsApril 17, 2026 4:59 AM
Business Wire
Leeds office demand shifts south of the river to the East Quarter, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260417361617/en/CoStar Data Shows Aire Park Driving New Rental Highs in Leeds
While the traditional City Core remained Leeds’s dominant office location, its share of headline leasing activity fell from a five-year average of around 80% to 60% in 2025.
“A growing number of professional and financial services firms have been drawn to the East Quarter’s Aire Park for its new-build specifications, strong ESG credentials and proximity to the city centre,” said Giles Tebbitts, director of market analytics at CoStar Europe. “As the scheme matures, it has attracted an expanding roster of high-profile occupiers.”
Despite East Quarter accounting for more than 30% of leasing activity across the Leeds Central Business District (CBD) in 2025, most transactions were mid-sized lettings at Aire Park. The City Core continued to dominate smaller deals below 15,000 sq. ft., representing 81% of CBD activity.
“The CBD vacancy rate has been broadly stable at around 12% over the past three years, but up from a cyclical low of 6% in 2020,” said Tebbitts. “The withdrawal of older, obsolete stock has offset limited completions at Aire Park, keeping net absorption relatively flat in recent quarters.”
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260417361617/en/
Media Contact
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Shows Aire Park Driving New Rental Highs in Leeds
US Market News
2月前
Homes.com Report: Home Prices Remain Nearly Flat Nationally as Market-Level Differences Become More VisibleApril 15, 2026 9:33 AM
Business Wire
National year-over-year price growth remained modest in March, but differences across large markets became more apparent as the spring homebuying season began.
Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released a new report today that shows year-over-year growth in U.S. home prices remained limited in March as the housing market continued its gradual transition toward more balanced conditions. The national median home price was $385,000 in March 2026, up 1.3% from a year earlier, reinforcing a pattern of restrained annual growth rather than renewed acceleration.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260415471485/en/US Sale Prices Key Indicators
At the national level, year-over-year price growth remained little changed from recent months. Month-to-month movements followed typical early-spring seasonality, but the broader signal from March data was one of stability rather than momentum.
Large markets show widening divergence
Beneath that national stability, year-over-year price growth varied meaningfully across large markets. Several markets in the Northeast and Midwest continued to post clearer annual gains, generally in the low- to mid-single-digit range. Philadelphia and Baltimore, for example, recorded year-over-year growth of roughly 4% and 7%, respectively, reflecting steadier demand in markets where prices had not risen as sharply earlier in the cycle.
By contrast, median sale prices declined over the past year in several large markets in California and Texas. Markets such as Austin and Dallas–Fort Worth gave back part of earlier gains, while parts of Southern California also posted modest year-over-year declines. In most cases, these pullbacks remained limited, consistent with ongoing rebalancing rather than distress.
Price growth also varied by housing type. Condo prices posted modest year-over-year gains nationally, but outcomes differed widely across large markets, with affordability constraints and local supply conditions playing a larger role in shaping growth than national trends alone.
“March price data showed a market that was continuing to adjust rather than overheat,” said Brad Case, Homes.com Chief Residential Economist. “Prices were still higher than a year ago nationally, but growth remained modest, with differences across markets reflecting local affordability, supply conditions, and earlier price run-ups.”
Taken together, March data showed a home price environment defined by restrained national year-over-year growth and meaningful market-level dispersion. Rather than signaling renewed upward pressure or broad weakness, price growth patterns continued to reflect a market moving gradually toward balance as the spring homebuying season began. Additional market insights and reports are available at https://www.homes.com/reports/.
About Homes.com
The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.
Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them.
The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.
*Based on internal analyses comparing Members to non-Members on Homes.com.
** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260415471485/en/
Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com
Original: Homes.com Report: Home Prices Remain Nearly Flat Nationally as Market-Level Differences Become More Visible
US Market News
2月前
CoStar Data Shows London Office Construction at Record High as NYC Sees Sharp DeclineApril 15, 2026 7:07 AM
Business Wire
The gap between office construction volumes in London and New York City reached a record high in the second half of 2025, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260415582253/en/London brought cranes. New York brought conversion plans.
Over 16m sq. ft. of office space was under construction in London at the end of last year, more than 10m sq. ft. above the comparable figure in New York (5.7m sq. ft.), marking the largest differential in London’s favour in over 20 years.
New York’s construction volumes have fallen sharply since peaking in 2018, when its pipeline was more than double London’s. By the end of 2025, office construction in New York City totalled just 5.7m sq. ft., one of the lowest quarterly totals this century [for the area]. In contrast, construction levels in London have largely oscillated between 16 and 17m sq. ft. since early 2022, prior to which levels below 14m sq. ft. were more common.
While demand remains robust for trophy office space in New York, developers have grown increasingly reluctant to build on a speculative basis,” Victor Rodriguez, senior director of market analytics at CoStar. “Instead, new construction is being tightly linked to pre-leasing, with projects advancing only once anchor tenants are secured.”
In New York City, 59 deals larger than 100,000 sq. ft. were signed in 2025, totalling more than 14m sq. ft., the highest level since 2019.
“However, the gap between New York and London is set to narrow in the coming years,” said Scanlon. “Preliminary data for the first quarter 2026 suggests that the volume of space under construction in London has fallen below 16m sq. ft. for only the third time since 2021, with further declines expected through 2026 and 2027.”
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that forecasted office vacancy rates in Victoria, London, UK, by year end 2026 are not at or around 17% due either to error in forecast or changes in named key events that would lead to such vacancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2025 and Forms 10-Q for the quarterly periods ended March 31, 2025, June 30, 2025, and September 30, 2025, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260415582253/en/
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Shows London Office Construction at Record High as NYC Sees Sharp Decline
US Market News
2月前
CoStar Data Show a Surge in Occupier Demand for Southbank East OfficesMarch 26, 2026 4:00 AM
Business Wire
Southbank East has shifted back into positive absorption after two consecutive years of net demand losses, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260326540657/en/Demand losses have been reversed in Southbank East
In the fourth quarter of 2025, annual net absorption exceeded 200,000 sq ft, marking the strongest quarterly performance in more than a decade. Southbank East had previously experienced two years of declining demand, as a surge in new space deliveries towards the end of 2023 coincided with a slowdown in leasing volumes.
The submarket’s vacancy rate reached a 12-year high of 11.5% at the beginning of 2025, rising from less than 2% in 2019.
“The increase has been driven by a wave of development completions, resulting in almost 1 million sq ft of new space delivered between 2020 and 2025, which is more than five times the amount delivered in the preceding five-year period,” said Patrick Scanlon, senior director of market analytics at CoStar Europe. “Occupiers seeking larger floorplates are likely to find fewer options than expected in Southbank East, as the vacancy rate for floorplates larger than 15,000 sq ft is just 8.3%, compared with a London-wide vacancy rate of over 12%.”
Despite more than 1.3 million sq ft of office space being delivered since 2020, with over 20% still available, current developments are showing improved performance, with around 25% of floorspace under construction pre-let, compared with just under 30% across Central London.
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260326540657/en/
Media Contact
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Show a Surge in Occupier Demand for Southbank East Offices
US Market News
3月前
CoStar Group Appoints Nana Banerjee to Its Board of DirectorsMarch 16, 2026 4:00 AM
Business Wire
Appointment Brings Additional Experience in AI and Advanced Analytics to the Board as the Company Advances its Long-Term Growth Strategy
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, today announced that Nana Banerjee has been appointed as a new independent member of the Company’s Board of Directors (the “Board”), effective immediately. With this appointment, the Board expands to nine directors, eight of whom are independent.
Nana Banerjee brings more than two decades of experience leading and scaling global technology and data-driven businesses to the Board. Most recently, he served as President and Chief Executive Officer of Pelmorex Corp., a global weather and climate data company best known for The Weather Network, where he successfully led the company’s transformation with market leading AI-native offerings. He previously served as a Senior Advisor and Senior Managing Director at Cerberus Capital Management, where he worked with portfolio companies to drive operational efficiencies and enterprise value. In other prior roles, he served as President and Chief Executive Officer of McGraw-Hill, Group President and Chief Analytics Officer at Verisk, Chief Operating Officer of Argus Information & Advisory Services, and the Head of Citibank's credit card business in the United Kingdom. Additionally, Dr. Banerjee served as Audit Committee Chairman and Non-executive Chairman of Comscore.
“On behalf of the Board, we are pleased to welcome Nana, a highly experienced executive who brings a complementary skillset that aligns with our unique operations and strategy,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “Nana is a respected industry leader with deep expertise spanning centralized data, AI, and advanced analytics organizations. We look forward to benefiting from his distinct perspective as we advance our proven strategy to drive accelerated, profitable growth and long-term stockholder value.”
“Nana’s appointment follows a comprehensive search to identify a director who would bring additional C-suite experience in data analytics to the Board as we continue to guide the execution of CoStar Group’s proven value-creation strategy,” said Louise Sams, Independent Chair of the Board. “His appointment reflects the Board’s commitment to regularly adding accomplished leaders that enable the Board to evolve with CoStar Group’s business and help us continue to act in the best interests of the Company and stockholders.”
For more information on CoStar Group’s Board of Directors, visit www.costargroup.com/about-us/leadership.
About CoStar Group
CoStar Group, Inc. (“CoStar Group,” the “Company,” “we,” “us” or “our”) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “likely,” “might,” “believe,” “expect,” “observe,” “consider,” “think,” “intend,” “envision,” “will,” “should,” “could,” “would,” “plan,” “target,” “goal,” “estimate,” “predict,” “continue,” “commit,” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisition of Matterport; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project to build out our campus in Richmond, Virginia; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy laws and standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; and risks related to return on investment; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the risks associated with the ability to integrate Domain Holdings Australia Limited (the “Domain Transaction”) and realize the benefits of the Domain Transaction; and the risks related to open source software. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the SEC, including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260315042089/en/
Investor Relations:
Rich Simonelli
Head of Investor Relations
CoStar Group Investor Relations
(973) 896-8184
getrich@costar.com
News Media:
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202) 346-6775
mblocher@costar.com
Mahmoud Siddig, Joseph Sala or Lucas Pers
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Original: CoStar Group Appoints Nana Banerjee to Its Board of Directors
US Market News
3月前
US Home Prices Were Nearly Flat in February as Large Markets Split Evenly Between Gains and DeclinesMarch 12, 2026 10:27 AM
Business Wire
Homes.com analysis finds 19 large markets rising and 19 falling amid muted national price growth
Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released a new report today analyzing home price trends through February 2026, including details across major metros and house types.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260312247319/en/U.S. Sale Prices Key Indicators
In February 2026, home prices in the U.S. showed almost no change year over year, as the housing market continued its gradual transition away from the overheated conditions of the early 2020s, according to the latest Homes.com data. The national median home price reached $375,885, just 0.2% higher than February 2025 and only 0.4% above January 2026.
Beneath that stable national number, price movement varied widely across the 40 large markets tracked by Homes.com, with an equal number experiencing increases and declines.
“The February data highlight a market that has settled into a more normal pattern, with prices holding close to where they were a year ago,” said Brad Case, Chief Residential Economist at Homes.com. “What stands out is the balance: Some markets are still seeing gains while others are giving back a little of their earlier run-up.”
Midwestern and select coastal markets led price gains
Four of the five largest increases were in relatively affordable markets—St. Louis at 8.1%, Baltimore at 4.9%, Chicago at 4.5%, and Kansas City at 3.7%—while supply constraints continued to drive prices higher in San Francisco at 5.3%. These patterns highlight the role of affordability in supporting steady price growth in Midwestern markets and the influence of tight for-sale supply in certain coastal markets.
Former high-growth markets posted modest price declines
Several markets that surged earlier in the decade are now experiencing modest pullbacks. Denver fell 4% from a year ago, Boston declined 3.7%, Austin decreased 3.5%, Sacramento slipped 3.1%, and Los Angeles edged down 2.2%. While these declines remain limited in size, they reflect a gradual rebalancing in markets where affordability pressures have been most intense.
The price landscape was defined by balance rather than extremes
Underlying housing-market indicators, such as gradually rising inventory and slightly longer selling times, help explain why the national trend is essentially flat. Those shifts did not produce a broad-based price correction, but they did contribute to local variation in price direction.
“Flat national appreciation can mean price gains in Chicago and Baltimore at the same time as price declines in Denver and Austin,” Case said. “That’s a sign of normalization, not weakness.”
Price stability remained the defining theme of early 2026.
February’s numbers point to a market characterized by stability rather than volatility. National appreciation is close to zero, regional patterns are mixed rather than uniform, and no large market is seeing severe upward or downward price movement. Early 2026 is shaping up to be one of the most balanced pricing environments in recent years.
About Homes.com
The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.
Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them.
The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.
*Based on internal analyses comparing Members to non-Members on Homes.com.
** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260312247319/en/
Media Contact:
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costar.com
Original: US Home Prices Were Nearly Flat in February as Large Markets Split Evenly Between Gains and Declines
US Market News
3月前
CoStar Data Show Sharp London Office Yield Compression in 2025February 26, 2026 3:00 AM
Business Wire
Rising investor demand drove London office yields to their lowest level since 2023, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260226000995/en/London offices saw the greatest yield compression in 2025
Based on a three-period trailing average, the transaction-based office yield in London decreased by 130 basis points last year, settling at 5.9% at the end of the fourth quarter of 2025.
The average regional yield increased by 70 basis points to 10.5%, marking its highest level since 2013. This widened the yield spread between London and the regions to 460 basis points, the widest in 12 years.
Industrial yields rose to an eight-year high of 7.1%, up 60 basis points since the end of 2024, pushing them to more than 100 basis points above London office yields. Boosted by the online shopping trend, average retail and industrial yields have reached parity for the first time since 2018.
“London’s increasing popularity with investors chimes with data showing a strong rebound in its occupier market,” said Mark Stansfield, senior director of market analytics at CoStar Europe. “The capital was the primary driver of the rebound in national office net absorption in the second half of 2025 and led the way throughout the year.”
“A gap has also opened up between office yields in central London and the central business districts of the ‘Big Six’ regional cities: Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester,” said Stansfield. “Average yields across the two segments stand at 5.4% and 9%, respectively, with the 360-basis-point spread one of the widest on record.”
The full analysis can be found here.
For more information about the company and its products and services, please visit www.costargroup.com.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226000995/en/
Media Contact
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com
Original: CoStar Data Show Sharp London Office Yield Compression in 2025
US Market News
4月前
Homes.com Report: Home Price Growth Picks up in January 2026 as Homebuying Market NormalizesFebruary 12, 2026 5:23 PM
Business Wire
Year-over-year growth in nationwide median home sale price picked up to 1.3% while market metrics showed an improved negotiating balance between buyers and sellers
Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released a new report today analyzing home price trends through January 2026, including details across major metros and house types.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260212018210/en/Year-Over-Year Change in Sale Prices
Early 2026 saw continued appreciation in home values as the nationwide median sale price grew from $370,000 in January 2025 to $374,900 in January 2026. Home price growth has averaged 2.8% per year over the past two years, almost identical to overall inflation. Incomes have been growing much more rapidly than house prices over that period, improving home affordability for prospective homebuyers.
At the same time, housing market indicators suggest improved negotiating balance between buyers and sellers. The inventory of homes available for purchase (equivalent to four months of supply) and the median number of days that homes stood on the market before selling (almost 12 weeks) were both normal for the month of January. That indicates that neither buyers nor sellers have the upper hand.
“The signs from the homes market are encouraging as we move into the spring homebuying season,” said Brad Case, Chief Residential Economist for Homes.com. “Home prices have continued to appreciate, but not at the breakneck speed that scared so many buyers away just a few years ago. Continued growth in incomes, along with mortgage rates that have declined appreciably over the past year, have improved the homebuying affordability equation. Homes are being offered for sale with asking prices that set the stage for better negotiations between buyers and sellers.”
A handful of large markets in the Northeast region joined several Midwestern markets at the top of the home price appreciation tables. The median home sale price in Philadelphia grew by 8.6%, strongest in the nation among large markets, from $350,000 in January 2025 to $380,000 in January 2026. Median prices also grew strongly in Baltimore (5.6%), Washington D.C. (4.8%), and Boston (3.7%), along with Midwestern markets such as Detroit, Cleveland, Columbus, and Cincinnati, all of which saw year-over-year growth of more than 5%. Across the nearly 1,000 markets tracked by Homes.com, more than 57% showed year-over-year price growth in January. In contrast, median sale prices declined in several cities in the South and West, led by Raleigh, North Carolina at -4.3% and Seattle at -3.8%.
The data shared in this report could change slightly as additional home sales are recorded. Brad Case, Chief Residential Economist, is available for interviews to provide insights on the data and the residential real estate market. For more information and insights on the latest home buying and selling market trends, visit Homes.com.
About Homes.com
Homes.com is the fastest-growing residential real estate marketplace and the second largest portal in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.
Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them.
The Homes.com Network reached an audience of 115 million average monthly unique visitors in the third quarter ending September 30, 2025.** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.
*Based on internal analyses comparing Members to non-Members on Homes.com.
** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors for the quarter ended September 30, 2025, according to Google Analytics.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260212018210/en/
Media:
Matt Blocher
CoStar Group
mblocher@costar.com
202- 346-6775
Original: Homes.com Report: Home Price Growth Picks up in January 2026 as Homebuying Market Normalizes
US Market News
4月前
The D. E. Shaw Group Releases Open Letter and Presentation to the Board of Directors of CoStar GroupFebruary 4, 2026 9:00 AM
PR Newswire (US)
Expresses Disappointment with the Board's Failure to Address the Company's Value Destructive Capital Spending and Longstanding UnderperformanceReiterates the Need for Improved Capital Allocation and Enhanced Board OversightAnnounces Intention to Support Shareholder-Driven Change at the 2026 Annual MeetingNEW YORK, Feb. 4, 2026 /PRNewswire/ -- The D. E. Shaw group, a global investment and technology development firm with more than $85 billion in investment capital and a history of working with companies to help build long-term value, today sent an open letter and presentation to the Board of Directors of CoStar Group, Inc. (NASDAQ: CSGP) ("CoStar" or the "Company") expressing continued disappointment with the Board's refusal to address the Company's reckless spending of shareholder capital and significant and longstanding underperformance. Investment funds managed or advised by D. E. Shaw & Co., L.P. are shareholders of CoStar and currently hold a significant economic position in the Company.
The full text of the open letter to the Board follows:Board of Directors
CoStar Group, Inc.
1201 Wilson Boulevard
Arlington, VA 22209Re: Urgent Need for Change to Restore Shareholder Value at CoStar GroupDear Members of the Board:Over the last year, we have repeatedly expressed to you our belief that change is urgently needed at CoStar to arrest the Company's prolonged stock price underperformance, increase profitability, and position the Company for durable value creation. We were initially hopeful that the appointment of new independent directors and the formation of the Capital Allocation Committee in April 2025 would usher in a new era of more active management oversight, improved capital discipline, and a renewed focus on shareholder value.Unfortunately, we have been gravely disappointed.Under the leadership of CEO Andy Florance, CoStar has continued to dedicate disproportionate attention and resources to its unprofitable Homes.com business. This continued investment, despite repeated failures to meet projections, has eroded the Company's once-enviable margins and driven a significant decline in CoStar's stock price, despite positive momentum in the core businesses. As a consequence, today every shareholder who has purchased CoStar's stock in the last five years has lost money.CoStar's Track Record of Shareholder Value DestructionCoStar's total shareholder returns have underperformed those of the Company's self-selected proxy peers, information services peers, ISS-selected peers, and the broader market indices over the last two, three, four, five, six, seven, eight, nine, and ten years and, importantly, since both the acquisition and relaunch of Homes.com.Moreover, CoStar shareholders have endured five consecutive years of absolute stock price declines—resulting in a cumulative loss of 32%, compared to a 101% gain for the S&P 500. This is not a track record of which any board or leadership team should be proud. Yet, the Company has marshaled a defense of its performance by citing rolling five-year total shareholder returns dating back to last century. Sadly, CoStar's purported "track record of stockholder value creation" is, at best, an artifact of history, if not a convenient fiction.Notwithstanding CoStar's significant and prolonged underperformance, our private interactions with the Company and its public commentary suggest there is little willingness among the Board and executive leadership to consider alternative approaches to strategy and capital allocation. To the contrary, the Company's recent full-throated defense of its objectively poor shareholder returns demonstrates that this Board and leadership team are incapable of accepting constructive investor feedback and are adamantly opposed to reform.Value Destruction Stems From Misguided Homes.com StrategyThe root cause of the long-standing underperformance in the Company's shares stems directly from the Board's decision to repeatedly greenlight the use of the steady, predictable, and growing earnings of the core business to build and subsidize the Company's high-risk, money-losing Homes.com business. By the end of this year, CoStar will have spent more than $3 billion on Homes.com and diverted the majority of core business earnings over the last four years to fund this venture.Despite this significant and, for CoStar, unprecedented level of investment, Homes.com has generated just $80 million in annual revenue and over $2 billion of cumulative losses, a far cry from the $700 million to $1 billion in revenue and substantial profits that CoStar had projected its investment would generate by 2027, and far less than what is required to generate an acceptable return on investment within a reasonable time frame.Moreover, the Company's decision to divert resources, including its salesforce and management attention, from the core business to Homes.com directly contributed to the slowdown in sales growth CoStar experienced during 2024 and 2025. Notwithstanding the Company's recent efforts to reallocate its salesforce back to the core business, we believe that management's continued insistence on spending a disproportionate amount of time and money on Homes.com will continue to hinder the core business' ability to recapture previous levels of growth and realize its margin expansion potential. We believe widely held investor concerns over the continued investment of time and resources into Homes.com have caused CoStar's core business to trade at a material discount to its historical premium versus peers, destroying as much as $11 billion in shareholder value in the process.Business Update Fails to Heed Shareholder Concerns Regarding Homes.com StrategyInstead of acknowledging Homes.com's failure and sharply curtailing further investment, management appears intent on continuing along its path of reckless spending. CoStar's Jan. 7 press release (the "Business Update") makes it clear that the Company will continue to invest in Homes.com, even though it does not expect the platform to achieve profitability until 2030, several years later than management's initial guidance. To justify its continued aggressive spending on Homes.com, the Company points to the returns on its past investments, claiming that it has "never failed" before and, therefore, "won't now." But telling shareholders, "just trust us," is a poor substitute for a disciplined capital allocation plan that can be expected to generate healthy returns, especially given management's seeming inability to accurately project the Homes.com business.Furthermore, at the same time the Company claims to be reducing its spending on the Homes.com platform, management now projects a confounding deterioration in CoStar's core margin profile. This abrupt change in forecast defies logic, investor expectations, and the Company's prior commentary. In the information services business, greater scale (with core revenues compounding at 10% or more annually) should naturally drive margin expansion. Yet the Business Update suggests that CoStar's Adjusted EBITDA margins excluding Homes.com will decline by approximately 400 basis points.We believe this implied margin deterioration reflects a poorly disguised shift of expenses from the Company's left pocket ("Homes.com spending") to its right pocket ("core business spending"), without any material change to the Company's capital allocation policy or moderation of its wasteful spending on Homes.com. As demonstrated by the precipitous share price decline immediately following the Business Update, shareholders are dissatisfied with management's obfuscated guidance and unyielding commitment to Homes.com.Lack of Genuine Board Oversight Enables Continued Value DestructionTwo weeks ago, we met with the Board to share our perspectives on CoStar's failed strategy and resulting underperformance and presented specific actions we believe would foster greater capital discipline, strengthen Board oversight, and rebuild shareholder trust: 1) develop an alternative strategy for Homes.com that involves exiting, spinning off, divesting, or dramatically reducing spending on the business to breakeven by 2027; and 2) augment the Board with new independent directors. We believe separating Homes.com (or a commitment to a near-term, profitable Homes.com), together with new leadership and enhanced Board oversight, would increase focus, improve performance, and lead to an appropriate valuation for CoStar's strong core businesses. We estimate that these straightforward changes could generate more than $10 billion in shareholder value.Unfortunately, during our meeting, the Board demonstrated a troubling disregard for shareholders and the value destruction they have endured. Indeed, the Chair of the Board failed to grasp the objective fact that the Company's stock price was down following the Business Update, insisting both that the stock was up and that shareholders were reacting well to the Company's message. With the sharp decline in CoStar's stock price following the Business Update, the market has, yet again, expressed its view that Mr. Florance's chosen strategy is value destructive. Rather than acknowledging that Homes.com has failed to meet expectations and driven unacceptable shareholder losses, the Board dismissed our concerns and reaffirmed its commitment to Homes.com.Worse yet, when we requested to meet with the independent directors without Mr. Florance present so that we could provide unvarnished feedback regarding the Company's leadership, the Board refused. In doing so, the independent directors confirmed what we have long suspected: they are far too deferential to Mr. Florance and incapable of providing effective oversight or holding him accountable. In our view, the "independent" directors have surrendered too much authority to the CEO they are tasked with overseeing.Nowhere has this manifested itself more than in the Board's failure to align management's pay with the Company's performance. Despite persistent underperformance, Mr. Florance has been richly rewarded while shareholders have suffered. Over the last five years, Mr. Florance's annual cash and equity incentive awards have paid out at 200% of target each year (except one year when the cash portion paid out at "only" 150%), allowing him to earn approximately $130 million in compensation, making him one of the highest-paid CEOs in the S&P 500. The Board has also enabled Mr. Florance to avail himself of lavish perquisites at shareholder expense, including the use of the Company's multiple private jets for personal travel at a rate more than three times that of peer company chief executives. CoStar's performance, in our view, does not justify the Board's largesse; the Company's total shareholder returns over the last five years are in the bottom 10% of all S&P 500 companies. Not surprisingly, shareholders have objected to this misalignment of pay and performance, with nearly half of the shares voting at CoStar's 2025 Annual Meeting opposing the Company's say-on-pay proposal, one of the highest levels of opposition of any company in the S&P 500.An Urgent Need for Change In our view, there are far superior uses of CoStar's capital and management's attention than attempting to scale Homes.com. It seems clear that business will not be profitable for many years and may never reach Mr. Florance's original projections. A renewed focus on the Company's core businesses would help to accelerate organic growth, drive overall margin expansion, restore investor confidence, and enable CoStar to reclaim its historical valuation premium. Unfortunately, the Business Update and last week's public response to a separate shareholder's view demonstrate that Mr. Florance is anchored to the unsuccessful Homes.com strategy and is unable or unwilling to countenance a more promising, alternative path. And it appears that the Board, in turn, is anchored to Mr. Florance and unable or unwilling to faithfully perform its critical oversight function.Many of the Company's long-tenured directors seemingly do not share our desire to improve CoStar's capital allocation and performance. They own very little stock—about a third as much as the directors of CoStar's peers—and, despite their limited ownership and ostensible support for the Homes.com strategy, have been net sellers of over the past few years. Mr. Florance, having net sold $27 million of CoStar's stock since November 2022 when CoStar launched Homes.com, is the largest offender on the Board. If Mr. Florance and the independent directors truly believed in the Homes.com strategy, we are left wondering why they haven't been adding to their holdings of CoStar's stock instead of leaving other shareholders to hold the bag.With the Company's share price sitting at multi-year lows, it is clear to us that only substantial change to capital allocation, executive leadership, and Board composition will address the root cause of CoStar's persistent underperformance and restore investor confidence. Maintaining the status quo, in our view, exposes shareholders to the risk of continued misallocation of capital, misalignment of management incentives, inadequate oversight, and, ultimately, further destruction of shareholder value.We therefore intend to support shareholder-driven change at CoStar's 2026 Annual Meeting.Best Regards,Edwin JagerManaging DirectorD. E. Shaw & Co., L.P.Michael O'MaryManaging DirectorD. E. Shaw & Co., L.P.This letter reflects the opinions of D. E. Shaw & Co., L.P. ("DESCO LP") on behalf of certain investment funds managed or advised by it that currently beneficially own, or otherwise have an economic interest in, shares of CoStar Group, Inc. (the "Company" or "CoStar"). This letter is for informational purposes only and does not constitute investment advice or convey an offer or solicitation of any type with respect to any securities or other financial products. The views expressed in this letter are expressed as of the date hereof and are based on publicly available information and DESCO LP's analyses. This letter contains statements reflecting DESCO LP's opinions and beliefs with respect to the Company and its business based on DESCO LP's research, analysis, and experience; all such statements are based on DESCO LP's opinion and belief, whether or not those statements are expressly so qualified. DESCO LP acknowledges that the Company may possess information that could lead the Company to disagree with DESCO LP's views and/or analyses. Nothing contained in this letter may be relied upon as a guarantee, promise, assurance, or representation as to future events. The investment funds managed or advised by DESCO LP are in the business of trading (i.e., buying and selling) securities, and it is expected that they will from time to time engage in transactions that result in changes to their beneficial and/or economic interest in the Company.About the D. E. Shaw GroupThe D. E. Shaw group is a global investment and technology development firm with more than $85 billion in investment capital as of December 1, 2025, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned a reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies. For more information, visit www.deshaw.com.This press release reflects the opinions of D. E. Shaw & Co., L.P. ("DESCO LP") on behalf of certain investment funds managed or advised by it that currently beneficially own, or otherwise have an economic interest in, shares of CoStar Group, Inc. ("CoStar" or the "Company"). This press release is for informational purposes only and does not constitute investment advice or convey an offer or solicitation of any type with respect to any securities or other financial products. The views expressed in this press release are expressed as of the date hereof and are based on publicly available information and DESCO LP's analyses. This press release contains statements reflecting DESCO LP's opinions and beliefs with respect to the Company and its business based on DESCO LP's research, analysis, and experience; all such statements are based on DESCO LP's opinion and belief, whether or not those statements are expressly so qualified. DESCO LP acknowledges that the Company may possess information that could lead the Company to disagree with DESCO LP's views and/or analyses. Nothing contained in this press release may be relied upon as a guarantee, promise, assurance, or representation as to future events. The investment funds managed or advised by DESCO LP are in the business of trading (i.e., buying and selling) securities, and it is expected that they will from time to time engage in transactions that result in changes to their beneficial and/or economic interest in the Company.Media Contact:
Prosek Partners
Brian Schaffer / Kiki Tarkhan
Pro-DESCO@prosek.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-d-e-shaw-group-releases-open-letter-and-presentation-to-the-board-of-directors-of-costar-group-302678991.htmlSOURCE The D. E. Shaw Group
Original: The D. E. Shaw Group Releases Open Letter and Presentation to the Board of Directors of CoStar Group
US Market News
4月前
CoStar Group Reiterates Strategic Initiatives to Prioritize Profitable Growth and Increase Long-term Stockholder ValueJanuary 28, 2026 2:14 PM
Business Wire
Key Business, Financial, and Corporate Governance Initiatives Announced in January 2026 Unanimously Approved by the Board and Capital Allocation Committee
Responds to Recent Letter from Third Point
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, today issued the following statement in response to the letter issued by Third Point LLC (“Third Point”).
The CoStar Group Board of Directors and management team are taking decisive action to prioritize profitable growth and increase long-term value for all stockholders. Over the last nine months, the CoStar Group Board and management team have conducted extensive engagement with holders of a vast majority of the Company’s outstanding shares, including Third Point. The feedback from these engagements has informed the meaningful steps we have taken to extend our track record of stockholder value creation, including:
Adding three new independent directors to the Board – including two designated by Third Point and D.E. Shaw. As a result, 50% of the CoStar Group directors have been appointed in the last three years.
Announcing a new independent Board Chair alongside the retirement of our prior independent Chair and two other independent directors.
Forming a Capital Allocation Committee to support the Board’s and management’s comprehensive review of the Company’s capital structure, capital allocation priorities, and financial targets, including for significant investments in the Company’s major brands such as CoStar, Apartments.com, LoopNet, and Homes.com.
Moderating investment in Homes.com as we scale revenue upon the completion of the investment phase and successful launch of Homes.com. We are reducing net investment by $300 million in 2026 and $100+ million annually thereafter to achieve breakeven profitability for the platform exiting 2029.
Accelerating the completion of our $500 million share repurchase program initiated in 2025 and authorizing a new $1.5 billion repurchase program in January 2026.
Deploying AI technology initiatives across the entire CoStar Group organization to drive revenue growth and realize meaningful efficiencies.
Investing to enhance and expand our commercial product offerings including real estate lease benchmarking, a loan origination module, new homes construction information and analytics, hospitality profit/loss benchmarking, and international expansion. Many of these initiatives would not have been feasible without Homes.com and AI technology.
Approving a redesigned executive compensation program for 2026. The updated program features more rigorous and quantitative goals, enhanced transparency, and a simplified structure, underscoring our commitment to aligning executive compensation with the interests of all stockholders.
Third Point appears intent on spinning a yarn of Board complacency and “quixotic” investment. Their story is completely detached from reality. Following a review process that Third Point and D.E. Shaw suggested with participation from their Board nominees, the Board unanimously recommended a plan involving accelerated profitability for Homes.com, additional investments in our core platforms, incremental capital return, stockholder-aligned executive compensation, and greater investor transparency. Unhappy with the conclusions of the independent Board they helped pick, Third Point, like a child with a board game, wants to throw the pieces off the board.
Significant Progress to Enhance and Evolve Core Platforms While Implementing Proven Playbook for Homes.Com
Third Point’s demand that we abandon Homes.com reflects their complete misunderstanding of our business, industry, and the strong progress we are making. Third Point would have you believe that Homes.com could be jettisoned or shut down with no negative impact on our business or competitive positioning.
Providing comprehensive digital solutions to the world’s real estate markets – the foundation of our proven value-creation strategy - would not be possible without residential data, information, and marketplaces. The reality is that the single-family residential market is the largest segment of the real estate industry. Homes.com complements and meaningfully expands our residential portfolio alongside Apartments.com, Domain, OnTheMarket, and Land.com, significantly increasing our global addressable market to more than $100 billion. Without Homes.com, we would lose a critical partner for Apartments.com and key component of our digital ecosystem.
The Homes.com platform is demonstrating strong momentum, with subscribers increasing 337%, since Q1 2024. With the investment phase now complete, we expect to rapidly scale the platform while lowering its capital intensity.
We are confident in our ability to deliver on these objectives at Homes.com because we have done so numerous times before. Our strategy is grounded in our proven playbook of broadening our reach in existing and adjacent markets through disciplined acquisitions and organic investments.
Over the last 15 years, we have acquired more than 40 businesses for approximately $7.3 billion, generating IRRs between 17% -- 39% on our major investments. This is the strategy we are successfully repeating with Homes.com.
Our 2026 guidance demonstrates our ability to continue to advance our core platforms as we scale Homes.com and enhance our commercial products. At the midpoint of our 2026 guidance, we expect revenue of $3.8 billion, an 18% increase over 2025. Adjusted EBITDA is expected to increase 83% from 2025 to $770 million, a 20% margin versus 13% in 2025.
Entering a New Chapter of Accelerated, Profitable Growth and Stockholder Returns
Consistent with previous investment cycles, we’re now entering our next margin expansion phase, and we are well positioned to accelerate revenue growth and drive profitability as evidenced by our 2026 outlook. Our Adjusted EBITDA range represents the highest Adjusted EBITDA in CoStar Group’s history. Longer term, we expect to achieve Adjusted EBITDA of $2.3 billion with Adjusted EBITDA margin of 35% by 2030.
Our strong and durable free cash flow and fortress balance sheet will allow us to continue to invest in growth while building on our track record of delivering stockholder returns. We are confident that the continued execution of our key strategic initiatives in our core platform, the implementation of our proven playbook at Homes.com, and our capital allocation and investment priorities will allow us to build on our long track record of driving total stockholder return outperformance. This includes:
Achieving superior trailing five-year period total stockholder return performance compared to the S&P 500 in ~85% of the years since 1999;
Delivering ~290% total stockholder returns over the last 10 years, ~90 percentage points more than the median of its Real Estate Marketplace peers1; and
Driving total stockholder returns that outperform the median of relevant peer groups2 over the past year.
Investors should carefully consider the source of their advice - Third Point has consistently underperformed relative to the Russell 3000 in nine out of the last ten years3.
CoStar Group has always grown by investing with long-term vision. The investment periods, whether for CoStar, Apartments.com, LoopNet, or our other platforms always took time, and we asked investors to trust that we have the expertise to make the vision a reality. We have never failed before in realizing the vision, and we won’t now. One thing we know for certain is that abandoning Homes.com now that the investment phase is tapering would be a certain way to destroy long-term value for stockholders.
The CoStar Group Board and management team look forward to continuing to engage with stockholders as we advance our proven strategy to unlock the tremendous value of our digital real estate ecosystem for their benefit.
Goldman Sachs & Co. LLC is serving as financial advisor to CoStar Group, Inc. and Latham & Watkins LLP is serving as legal counsel. Joele Frank, Wilkinson Brimmer Katcher is serving as CoStar Group, Inc.’s strategic communications advisor.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “likely,” “might,” “believe,” “expect,” “observe,” “consider”, “think,” “intend,” “envision,” “will,” “should,” “could”, “would,” “plan,” “target,” “outlook,” “goal,” “estimate,” “predict,” “continue,” “commit,” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: the risks related to the specific timing, price, and size of repurchases under the Stock Repurchase Program, including that the Stock Repurchase Program may be suspended or discontinued at any time at the Company's discretion; our ability to achieve expected financial results while simultaneously achieving expected reductions in our net investment in Homes.com; our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisition of Matterport; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project to build out our campus in Richmond, Virginia; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy laws and standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; and risks related to return on investment; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the risks associated with the ability to integrate Domain Holdings Australia Limited (the "Domain Transaction") and realize the benefits of the Domain Transaction; and the risks related to open source software. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the "SEC"), including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Non-GAAP Financial Measures
For information regarding the purpose for which management uses the non-GAAP financial measures disclosed in this release and why management believes they provide useful information to investors regarding the Company’s financial condition and results of operations, please refer to the Company’s latest periodic report.
EBITDA is a non-GAAP financial measure that represents GAAP net income attributable to CoStar Group before interest income or expense, net; other income or expense, net; loss on debt extinguishment; income taxes, and depreciation and amortization expense.
Adjusted EBITDA is a non-GAAP financial measure that represents EBITDA before stock-based compensation expense; acquisition- and integration-related costs; restructuring and related costs, including certain advisory fees; and settlements and impairments incurred outside the Company’s ordinary course of business. Adjusted EBITDA margin represents Adjusted EBITDA divided by revenues for the period.
Reconciliation of Forward-Looking Guidance, Net Income to Adjusted EBITDA
Guidance Range
For the Year Ending
December 31, 2026
Low
High
Net income
$
175
$
215
Amortization of acquired intangible assets
245
245
Depreciation and other amortization
77
77
Interest income, net
(22
)
(22
)
Other income, net
—
—
Income tax expense
85
105
Stock-based compensation expense
177
177
Acquisition and integration related costs
3
3
Adjusted EBITDA
$
740
$
800
___________________________
1 Real Estate Marketplace peers include: REA Group, Rightmove, Scout24 and Zillow
2 Relevant peer groups include Real Estate Market peers and:
Proxy Peers: Gartner, Akamai Technologies, TransUnion, Equifax, MSCI, Tyler Technologies, FactSet, Paycom, Verisk, Fair Isaac, PTC, Zillow, Autodesk, DocuSign, Verisign, and Workday
Info Services Peers: Equifax, FactSet, Gartner, Moody’s, MSCI, S&P Global, Thomson Reuters, TransUnion, and Verisk
3 Source: Bloomberg and Third Point Offshore Fund investor letters
View source version on businesswire.com: https://www.businesswire.com/news/home/20260128212874/en/
Investor Relations:
Rich Simonelli
Head of Investor Relations
CoStar Group Investor Relations
(973) 896-8184
getrich@costar.com
News Media:
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202) 346-6775
mblocher@costar.com
Mahmoud Siddig, Joseph Sala or Lucas Pers
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Original: CoStar Group Reiterates Strategic Initiatives to Prioritize Profitable Growth and Increase Long-term Stockholder Value
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