CoStar Group Founder and CEO Andy Florance Named as a 2025 RISMedia Real Estate Newsmaker

Rhea-AI Summary

CoStar Group CEO Andy Florance has been named a 2025 RISMedia Real Estate Newsmaker, recognizing his transformative contributions to the real estate industry. The recognition primarily stems from his leadership in developing Homes.com, which saw remarkable growth following a $1 billion marketing campaign launched in February 2024.

Under Florance's direction, Homes.com achieved significant milestones, including 130 million average monthly unique visitors by Q3 2024, with unaided awareness increasing from 4% to 33%. The company also announced plans to acquire Matterport, aiming to integrate its 3D capture technology into CoStar's products.

CoStar Group continues to expand its portfolio of real estate marketplaces and analytics platforms, including Apartments.com, LoopNet, STR, and various international property portals. The company's websites collectively attracted over 163 million average monthly unique visitors in the third quarter of 2024.

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

WASHINGTON--(BUSINESS WIRE)-- 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. The annual awards list honors real estate professionals who are committed to positively transforming the industry.

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. 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.

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.

“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. 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.”

For a complete list of RISMedia’s 2025 Real Estate Newsmakers winners, please visit the site here.

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Arlington, Virginia, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, 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/20250205203068/en/

News Media

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group

FAQ

What was the impact of Homes.com's $1 billion marketing campaign in 2024?

The marketing campaign launched in February 2024 helped Homes.com achieve 130 million average monthly unique visitors and increased unaided awareness from 4% to 33% by Q3 2024.

How many monthly visitors did CSGP's websites receive in Q3 2024?

CoStar Group's websites attracted over 163 million average monthly unique visitors in the third quarter of 2024.

Why was Andy Florance named a 2025 RISMedia Real Estate Newsmaker?

Florance was recognized for his vision and investment in Homes.com, including the successful $1 billion marketing campaign and establishing it as one of the top two residential marketplace portals in the U.S.

What is CSGP's planned acquisition and its strategic importance?

CoStar Group plans to acquire Matterport to integrate its 3D capture technology and digital twin solutions into CoStar's industry-leading products.

What was Homes.com's visitor growth and awareness increase in 2024?

Homes.com reached 130 million average monthly unique visitors and increased its unaided awareness from 4% to 33% following the marketing campaign launch.