CoStar Group announced the next steps in its integration of Homes.com and Homesnap, streamlining the operations and functionality of both.
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.
The new Homes.com is a more agent-friendly real estate portal alternative. Home buyers can uniquely select an agent from a comprehensive directory of hundreds of thousands of agents based upon those agents’ experience and neighborhood expertise. Most home buyers work with an agent, and the new Homes.com empowers home buyers and their agents to collaborate throughout the home buying process on Homes.com for free.
Over the course of the next 12 months, CoStar Group expects to increase the net number of employees building Homes.com by 700 after tje reorganization and a headcount reduction of approximately 100 duplicative roles.
“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. “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.”
