CoStar Group reports $557M in 3Q revenue

CoStar Group, the commercial real estate giant who’s the relatively new owner of and Homesnap, reported $557 million in third quarter revenue, up 12 percent from the same period in 2021. The industry is anticipating announcements from CoStar about how it is developing and plans to deploy and Homesnap. Recently, Homesnap and the Broker Public Portal parted ways from the joint venture they had formed in which the tech company powered the initiatives national public-facing real estate portal.