CoStar Group, a provider of online real estate marketplaces, information and analytics in the commercial and residential property markets,detailed next steps in its integration of Homes.com and Homesnap.
In November, CoStar Group relaunched Homes.com. Company leaders say they’ve strived to make Homes.com is a more agent-friendly real estate portal alternative. Homebuyers can select an agent from a directory of hundreds of thousands of agents based upon those agents’ experience and neighborhood expertise.
“CoStar Group is working to integrate the best of Homes.com with the best of Homesnap and Citysnap,” said Andy Florance, founder and CEO of CoStar Group, in a release. “We appreciate the hard work, dedication, and contributions from the entire Homes and Homesnap teams that have helped to grow our residential business. While this integration will unfortunately impact some of our employees, their work has been integral to creating a product that better serves the industry and our customers.”
David Mele, who led Homes.com for seven years prior to its acquisition by CoStar Group in 2021, has been named president of the combined Homes.com and Homesnap organization. The company believes that the combined entity is now better positioned to efficiently achieve its goal of becoming the leading residential real estate portal.
Over the course of the next 12 months, CoStar Group expects to increase the net number of employees building Homes.com by 700 after its recent reorganization and headcount reduction of approximately 100 duplicative roles.