CoStar Group, a provider of commercial real estate information, analytics and online marketplaces, has entered the residential marketplaces sector by acquiring Homesnap Inc., which provides real estate brokers with a mobile platform and other technology for managing and analyzing their listings and the housing market and the URL houses.com.
CoStar Group has been successful for many years running marketplace verticals in the commercial real estate space with Loopnet.com, Cityfeet.com and Showcase.com; the multifamily space with Apartments.com, ForRent.com, ApartmentFinder.com, ApartmentHomeLiving.com and Apartamentos.com; the land space with Land.com, LandsofAmerica.com, LandWatch.com and LandandFarm.com; and the businesses for sale space with BizBuySell.com and BizQuest.com.
With the acquisition of the houses.com domain name, CoStar Group plans to develop a vibrant national marketplace for agents and owners to successfully sell homes without disenfranchising or disintermediating valuable real estate agents in the process.
