SHERIDAN, WYOMING – Feb. 10, 2025 – Andy Florance, Founder and Chief Executive Officer of CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group,” “we” or “our”), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was recognized as a RISMedia 2025 Real Estate Newsmaker.1 The annual awards list honors real estate professionals who are committed to positively transforming the industry. RISMedia's eighth annual Real Estate Newsmakers honorees celebrate those who made headlines for their commitment and contributions to the real estate industry in 2024.
Recognition for Vision and Investment in Homes.com
Florance’s recognition as a RISMedia Newsmaker is directly attributed to his vision and investment in CoStar Group’s residential real estate portal Homes.com over the last year.2 In February 2024, CoStar Group launched a massive $1 billion marketing campaign and membership product for Homes.com, quickly establishing it as one of the top two residential marketplace portals in the U.S. By the quarter ending September 30, 2024, the Homes.com network had 130 million average monthly unique visitors with unaided awareness increasing to 33%, up from only 4% before the marketing campaign launch.3
Strategic Acquisitions and Innovation
This year, Florance also announced the company’s intent to acquire Matterport, which will integrate Matterport's cutting-edge 3D capture technology and digital twin solutions into CoStar Group’s industry-leading products.4 This strategic move further solidifies CoStar Group's commitment to innovation and providing comprehensive solutions to the real estate market.
Commitment to Agent and Consumer-Friendly Portal
“It’s an honor to be recognized as one of RISMedia’s Real Estate Newsmakers again this year,” said Florance. “2024 was a remarkable year for Homes.com, powered by a massive marketing campaign, innovative new features and exponential growth.5 We’re committed to creating the most agent- and consumer-friendly portal on the market and our team will continue building on this momentum throughout 2025.”
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