ZG - Andvari Associates - CoStar Group: Making Homes.Com The Second Most Trafficked Home Buying Portal

2024-04-14 08:30:00 ET

Summary

• CoStar, sensing an opening to compete against Zillow acquired Homes.com in 2021.
• CoStar is now planning to invest a cumulative $1 billion into this new business segment.
• Thus far, these investments have resulted in Homes.com becoming the second-most trafficked homebuying portal.

The following segment was excerpted from this fund letter.

CoStar Group ( CSGP )

CoStar Group ( CSGP ) is the second holding with significant news. As a reminder, CoStar is commercial real estate's leading provider of information, analytics, and online marketplaces....

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