Found 2 blog entries tagged as Costar Group.

Andy and Rupert Murdoch

 

The acquisition of Realtor.com by CoStar Group could have several impacts on the real estate industry, including:

  1. Increased market dominance: CoStar is already a major player in the commercial real estate data and analytics space, and the acquisition of Realtor.com, a leading consumer-facing real estate website, could give the company even more market dominance.

  2. Increased access to data: CoStar's access to data and analytics could be further enhanced by integrating Realtor.com's consumer-facing data into its platform, allowing the company to provide even more detailed information and insights to its customers.

  3. Increased competition: The acquisition could lead to increased competition for other real estate websites and…

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It may be time to push the chair back from the table and stand up to the behemoth before us.  We as real estate professionals should not be threatened or scared of the paradigm shift that is currently taking place in the industry. We must embrace change and be nimble. There is an opportunity for the Brokers in this country to come together as one. An opportunity to create a portal that will enable the real estate industry to grow and thrive indefinitely.

Let’s back up a few years and look at Zillow’s business model. Zillow proposed to add value to the consumer by offering a Zestimate.  The Zestimate made the consumer flock to www.zillow.com .  The consumer felt that they now had a tool offered by a disinterested third party that made the Appraiser…

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