Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System trimmed its stake in CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,683 shares of the technology company’s stock after selling 199,288 shares during the period. California Public Employees Retirement System owned 0.13% of CoStar Group worth $21,488,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CSGP. Reflection Asset Management bought a new stake in CoStar Group during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new stake in CoStar Group in the fourth quarter worth about $29,000. DV Equities LLC bought a new position in shares of CoStar Group in the fourth quarter worth about $40,000. IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock valued at $43,000 after buying an additional 513 shares in the last quarter. 96.60% of the stock is owned by institutional investors.

CoStar Group Trading Down 2.8% CSGP stock opened at $27.69 on Thursday. CoStar Group, Inc. has a 1-year low of $26.68 and a 1-year high of $97.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 461.58, a PEG ratio of 0.73 and a beta of 0.74. The business has a 50 day simple moving average of $31.17 and a two-hundred day simple moving average of $41.68.

CoStar Group (NASDAQ:CSGP – Get Free Report) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.04) earnings per share. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Research analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades CSGP has been the subject of several analyst reports. Bank of America reduced their target price on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 19th. JPMorgan Chase & Co. dropped their price target on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Citizens Jmp reduced their price objective on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 29th. Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a research report on Monday, July 13th. Finally, BTIG Research restated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.50.

Get Our Latest Research Report on CoStar Group

Insider Activity In other news, CEO Andrew C. Florance bought 71,430 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.18% of the company’s stock.

CoStar Group Company Profile (Free Report)

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

Read More Five stocks we like better than CoStar Group Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Want to see what other hedge funds are holding CSGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoStar Group, Inc. (NASDAQ:CSGP – Free Report).

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On July 21, 2026, CoStar Group Inc (CSGP) shares fell 4.0% to a current price of $28.50. This decline comes amid a volatile year, with the stock down 57.6% year

ARLINGTON, Va.--(BUSINESS WIRE)--U.S. retail asking rent growth slowed in the second quarter of 2026, according to data from CoStar, the leading global provider of online real estate marketplaces, information and analytics in the property markets. In Q2 2026, national asking rent growth decelerated to +1.6% year over year – the slowest pace in more than a decade. “The slowdown in asking rent growth is less a sign of weakening demand than a function of normalization,” said Brandon Svec, national.

ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released its June 2026 housing market report showing that the national median sale price rose to $401,000, up 1.5% from a year earlier. Home sales increased 6.1% year over year, while active listings were 4.2% higher than a year ago, indicating that both demand and supply continued to expand at a measured pace. Taken together, these trends point to a housing market that is more bala.

Rossmann, CoStar Group's Managing Director, Europe, brings more than two decades of financial and operational leadership — over the past two years reducing the Company's European cost structure by 25% while delivering double-digit revenue growth and launching CoStar in France

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Robin Rossmann as Chief Financial Officer, effective July 31, 2026, succeeding Christian Lown, who is stepping down to pursue an opportunity outside the Company's industry. Rossmann will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group.

Rossmann will lead CoStar Group's global finance organization, overseeing the Company's financial and operational performance, capital allocation, financial planning and investor engagement as CoStar Group continues to expand its global platforms, increase profitability and create long-term value for shareholders.

Rossmann currently serves as CoStar Group's Managing Director, Europe, and is a member of the Company's executive leadership team. Over the past two years, he has distinguished himself by dramatically improving the margins of CoStar Group's European business — eliminating approximately $51 million in costs, roughly 25% of the European cost structure — while delivering double-digit revenue growth and launching CoStar in France. Rossmann joined STR in 2016, leading its businesses across EMEA, Asia Pacific and Latin America, and became part of CoStar Group through the Company's acquisition of STR in 2019. Over the past decade with STR and CoStar Group, he has played a central role in launching CoStar Group products across global markets, executing and integrating acquisitions, scaling international operations and advancing strategic initiatives that have strengthened the Company's competitive position.

"Robin is a rare executive who combines deep financial expertise with proven operating leadership and a demonstrated ability to dramatically reduce costs while accelerating growth," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "During his time with CoStar Group, he has consistently delivered outstanding operating performance across our international businesses — driving strong organic revenue growth, expanding margins, successfully integrating acquisitions and launching our products in new markets. Robin knows our business, strategy and culture exceptionally well, and is deeply respected across our leadership team. I look forward to partnering with him as we sharpen our focus on margin expansion and profitable growth."

"CoStar Group has built one of the strongest and most differentiated real estate technology companies in the world," said Rossmann. "I am honored to assume the role of Chief Financial Officer at such an exciting point in the Company's evolution. I look forward to partnering with Andy, our leadership team and our employees to drive disciplined capital allocation, enhance operational efficiency, expand margins and support continued profitable growth while delivering long-term value for our shareholders."

Prior to joining STR, Rossmann, a Chartered Accountant, spent 13 years at Deloitte, where he served as a Senior Director advising many of the world's leading public and private real estate and hospitality companies across the United States, the United Kingdom and other international markets. His experience included financial assurance, internal controls and risk management, financial and commercial due diligence, capital markets transactions, debt advisory, valuation, business planning and investment appraisal.

Lown will step down as Chief Financial Officer effective July 31, 2026. His departure was not the result of any disagreement with the Company relating to the Company's operations, policies or practices.

"On behalf of the Board of Directors and the entire CoStar Group team, I want to thank Chris for his contributions during his tenure with the Company," said Florance. "We appreciate his service and wish him continued success in his future endeavors."

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia's leading property marketplaces. The Company's industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group's websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, the Company is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, CoStar Group plans to utilize its corporate website as a channel of distribution for material Company information. For more information, visit www.CoStarGroup.com.

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “likely,” “might,” “believe,” “expect,” “observe,” “consider,” “think,” “intend,” “envision,” “will,” “should,” “could,” “would,” “plan,” “target,” “goal,” “estimate,” “predict,” “continue,” “commit,” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisitions of Matterport, LLC (“Matterport”) and Domain Holdings Australia Pty Limited; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate-related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to open source software; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy or data protection laws, regulations, or standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; the risks related to return on investment; and the risks related to the specific timing, price, and size of repurchases under the Stock Repurchase Program, including that the Stock Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the “SEC”), including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

PARIS--(BUSINESS WIRE)--Please replace the release with the following corrected version to add the Forward-Looking Statements paragraph at the end of the release. The updated release reads: COSTAR GROUP ANNOUNCES LAUNCH OF COSTAR PLATFORM IN FRANCE Empowering investors, brokers, owners, and occupiers with the data and analytics needed to succeed in France's estimated €300 billion commercial real estate market CoStar Group (NASDAQ: CSGP), an S&P 500 company and the global leader in real esta.

CoStar Group (NASDAQ: CSGP), an S&P 500 company and the global leader in real estate marketplaces, information, analytics and 3D digital twin technology today

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a global leader in online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, will announce financial results for the second quarter of 2026 following the market close on Tuesday, July 28, 2026. Management will conduct a conference call to discuss the first quarter results, as well as the Company’s outlook at 5:00 PM EDT that same day.

A live audio webcast of the conference call will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Investors section of our website for a period of time following the call.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

MILAN--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a global leader in online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, today announced an investment in Wikicasa, Italy's agent-backed real estate marketplace. The transaction will result in CoStar Group acquiring an approximately 30% stake in Wikicasa. Wikicasa's shareholder base includes Italy's leading real estate agencies - including Tecnocasa Group, Gabetti Group, RE/MAX I.

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics, today announced the results of its Annual Meeting of Stockholders (the "Annual Meeting") held on June 23, 2026. Stockholders approved all proposals presented at the meeting, including overwhelming support for all director nominees and approval of the Company's advisory say-on-pay proposal. “Earlier this year, our Board, including three new directo.

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A refreshed momentum index highlights where apartment market conditions are improving most quickly as supply pressures ease and demand stabilizes.

ARLINGTON, Va.--(BUSINESS WIRE)--Today, Apartments.com and CoStar, a leading provider of commercial real estate data, analytics and news, published an update to the U.S. multifamily market momentum index.

The U.S. multifamily market momentum index ranks markets based on year-over-year improvement in several measures, including rent growth, vacancy, the balance between demand and new supply, and changes in the under-construction pipeline relative to inventory. Rather than identifying the strongest markets, it highlights where conditions are gaining ground most quickly.

Recovery has been uneven since Q2 2025, with four of the top 10 markets in this year’s ranking reporting annual rent declines. Among the highest-ranked markets, Austin’s multifamily rents remain down, but the pace of the declines has slowed. Vacancy rates, on the other hand, are trending lower, and a sharp pullback in construction has allowed demand to begin closing the gap with supply.

Northern California markets, San Jose, San Francisco, and the East Bay, are also among the top 10, with San Jose ranking second. These market rankings reflect a localized rebound in demand following sharper declines earlier in the cycle. Rent growth and vacancy have improved notably, pointing to renewed pricing power, while increases in the construction pipeline remain modest in absolute terms.

Southern markets, both large and mid-sized, are also prominent in the rankings, with Jacksonville ranking third. Jacksonville has shown strong improvement in occupancy, with vacancy declining roughly 170 basis points over the past year, even as rent remains slightly negative.

“Momentum varies by region, reflecting each market’s position in the current supply-demand cycle,” said Grant Montgomery, national director of U.S. multifamily analytics at CoStar Group. “In some areas, a rebound in demand is restoring pricing power, while in others, a slowdown in construction is allowing fundamentals to stabilize while rents remain down year over year. In still others, long-standing supply constraints are limiting the degree of change.”

The full analysis can be found here.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and three‑dimensional digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest‑growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry‑leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten‑X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

More News From CoStar Group

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CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics, today announced the launch of Apartments.com Ai, a transformative new apartment search experience that fundamentally changes how renters discover, evaluate and lease their next home.

Powered by artificial intelligence and built on Apartments.com’s unmatched depth of multifamily data, Apartments.com Ai replaces traditional filters and keyword searches with natural, real-time conversations that feel less like navigating a website and more like working with a deeply knowledgeable rental advisor.

Available to every renter on every Apartments.com visit, Apartments.com Ai understands renter preferences, answers complex questions, compares communities, surfaces relevant recommendations and guides consumers through every stage of the apartment search journey.

Earlier this year, Apartments.com introduced the multifamily industry’s first AI-powered apartment smart search experience. Insights from that launch and extensive consumer testing helped shape the development of Apartments.com AI, creating a more intelligent, personalized and intuitive renter experience.

Renters can simply describe what matters most to them - whether it’s “a quiet apartment near great restaurants and my office,” “a pet-friendly community under $2,000 a month with easy subway access,” or “a luxury apartment with a gym and outdoor space near downtown” and receive highly personalized recommendations tailored to their lifestyle and priorities.

Beyond finding apartments, Apartments.com Ai helps renters evaluate options with greater confidence. The experience can answer detailed questions about properties and neighborhoods, compare similar communities, guide renters through immersive Matterport 3D Tours and rich media experiences, and assist renters with contacting the property.

“Finding an apartment is one of the most important decisions people make, yet the search process has remained largely unchanged for years,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “Apartments.com Ai represents a fundamental shift from searching listings to having a conversation with a trusted rental advisor. By combining artificial intelligence with the most comprehensive multifamily data in the industry, we can understand what renters are truly looking for, guide them through their options and help them find a home that fits their lifestyle with far greater speed, confidence and precision.”

Powered by Apartments.com’s industry-leading property information, neighborhood intelligence, pricing insights, professional photography, videos and Matterport 3D Tours, Apartments.com Ai delivers a richer and more informed search experience than general-purpose AI tools.

A major evolution in apartment search, Apartments.com Ai moves beyond traditional listing discovery toward intelligent, conversational guidance that reflects how people actually make renting decisions. The platform continuously learns from renter interactions, building a deeper understanding of consumer preferences and delivering increasingly relevant recommendations over time.

The launch builds on CoStar Group’s broader investment in artificial intelligence-powered real estate experiences. Earlier this year, CoStar Group introduced Homes Ai, an interactive conversational search experience that helps consumers discover homes, explore neighborhoods and evaluate properties through natural dialogue. Together, these innovations reflect CoStar Group’s vision for a new generation of real estate experiences powered by proprietary data, advanced AI and deep consumer engagement.

About CoStar Group

CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616473542/en/

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Los Angeles and New York City tied for the highest publicly marketed home sale of the month at $35 million, while most top luxury sales closed below asking price

ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, published the most expensive publicly marketed home sales across major U.S. metropolitan areas for the month of May. The full analysis is available here.

The list highlights the top closed sales in leading markets nationwide based on publicly marketed transactions recorded in multiple listing service (MLS) data. May’s most expensive sales occurred in Los Angeles and New York City, where each market recorded a $35 million transaction. Miami followed with a $34 million sale, while San Francisco recorded the fourth-highest publicly marketed sale at $24 million.

The full roundup of the most expensive publicly marketed home sales includes:

Los Angeles: $35 million New York City: $35 million Miami: $34 million San Francisco: $24 million San Diego: $17 million Seattle: $15.9 million Charlotte: $15 million Tampa: $14 million Boston: $13.7 million Phoenix: $12.9 million Las Vegas: $11.8 million Washington, D.C.: $6.8 million Philadelphia: $6.6 million Chicago: $6.4 million Denver: $5.5 million Atlanta: $5.4 million Nashville: $5.3 million Minneapolis: $4.1 million Cleveland: $2.7 million The distribution of these top-tier transactions highlights the continued concentration of ultra-luxury sales at the very top end of the market. Los Angeles, New York City, Miami and San Francisco all recorded publicly marketed sales above $20 million, while several additional markets, including San Diego, Seattle, Charlotte, Tampa, Boston, Phoenix and Las Vegas, recorded sales above $10 million.

Based on MLS data found on Homes.com, the analysis captures publicly marketed transactions and does not include private or off-market deals, which are common in the highest tier of the housing market.

For more information and insights on the latest homebuying and selling market trends, visit Homes.com.

About Homes.com

The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members gain $36,400 in commission in their first year* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** and organic traffic to Homes.com was up more than 100% year-over-year every month of the first quarter of 2026. For more information, visit Homes.com.

*Based on an internal analysis of approximately 11,000 Member agents, which showed an average annual commission increase of $36,400. This figure represents an average and is not a guarantee of future performance. Individual results may vary based on market conditions, agent activity, and other factors.

** The Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

More News From CoStar Group

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ARLINGTON, Va.--(BUSINESS WIRE)--U.S. multifamily vacancy and rent growth projections have been revised in a new forecast from Apartments.com and CoStar, the leading global provider of online real estate marketplaces, information and analytics.

National multifamily vacancy is estimated to increase to 8.8% by the end of this year before easing to 8.4% at the end of 2027.

Apartment rent growth is now expected to increase from 0.2% in the first quarter of 2026 to 0.5% in the second quarter, an upward revision of 10 basis points from the previous forecast. The projected metric for the fourth quarter, however, was lowered slightly from +0.6% to +0.5%.

“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. “However, projections for the second half 2026 were lowered due to softer employment assumptions and the sizeable backlog of excess inventory accumulated across the last two years, which must be absorbed before market conditions can meaningfully tighten.”

“The balance of risks remains tilted to the downside,” said Montgomery. “A near-term energy price spike has eroded consumer spending power, and economists have downgraded employment growth expectations due to significant changes in U.S. tariff policy, slower labor force growth, and increased productivity that allows output to expand with fewer new hires.”

The full forecast can be found here.

For more information about the company, its products and services, please visit costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

This news release includes "forward-looking statements," including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that U.S. multifamily near-term rent growth and vacancy rates do not occur as forecast. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2024 and Forms 10-Q for the quarterly periods ended March 31, 2025, June 30, 2025, and September 30, 2025, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

LONDON--(BUSINESS WIRE)--The Big Six office investments reached an eight-year high in the first quarter of 2026, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

Investors spent £485m across Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester in the first quarter of the year, slightly above the five-year average.

Manchester led activity for the second consecutive quarter, with volumes exceeding £120m, just ahead of Edinburgh (£113m) and Bristol (£88m). All three cities recorded transactions above £50m, led by a 200,000-square-foot sale for around £114m at a 6.85% net initial yield.

“Most of the large deals were completed before March, which was too early in the quarter to be affected by the war in Iran,” said Giles Tebbitts, director of market analytics at CoStar Europe. “Lower entry prices, attractive net initial yields and an undersupply of prime, well-located space have drawn investors, as the market has moved through the worst of its repricing phase.”

The largest out-of-town transaction was in Solihull town centre, a £12.5m deal for 70,800 sq. ft. at a net initial yield of 11.95%.

The full analysis can be found here.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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National median home sale price increased modestly in April, while differences across large housing markets became more pronounced

ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released its April 2026 housing market report, showing that national home prices continued to rise modestly compared with a year earlier, even as conditions varied widely across major metropolitan areas. The national median home sale price in April was $390,000, up 1.7% from April 2025. Active listings rose 6.3% year-over-year, marking a continued expansion in inventory that is increasingly shaping local market outcomes. Home sales were also slightly higher than a year ago, increasing 0.6% year-over-year, even as affordability constraints continued to weigh on sales activity.

Market‑level differences become more visible

April data highlighted sharp contrasts across large markets that reflected differences in supply-and-demand conditions. In San Francisco, persistently tight supply and robust demand were reflected in home prices that grew 7.6% year-over-year as sales increased while inventory contracted. Just south of San Francisco, San Jose followed a markedly different path with prices falling 2.6% from a year earlier and sales declining 1.9% while inventory expanded by 8.4%. The growing divergence between neighboring Northern California markets illustrates how metros that are so closely linked can move in vastly different directions as local conditions evolve.

Outside the West Coast, several Midwest markets continued to post relatively strong price growth. Median home prices increased by more than 7% in Cleveland, Kansas City, and Pittsburgh, and grew strongly in several other markets, even as each experienced year‑over‑year growth in the number of homes available for purchase. These patterns suggested that inventory expansion alone has not been sufficient to restrain price growth in markets where demand has remained resilient.

“These differences reflect how national price growth is increasingly shaped by local supply conditions,” said Brad Case, Homes.com Chief Residential Economist. “Markets where inventory remains tight are still seeing prices hold up or rise, while prices are showing clearer signs of softening in other markets—even very nearby ones—with more inventory or greater sensitivity to demand shifts.”

Overall, April data at the national level pointed to a housing market that gradually continues to normalize. However, expanded inventory, modest price growth, and slightly higher sales at the national level have masked substantial variation in price, sales, and supply conditions across regions and large metropolitan markets.

Additional market insights and reports are available at https://www.homes.com/reports/.

About Homes.com

The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members gain $36,400 in commission in their first year* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** and organic traffic to Homes.com was up more than 100% year-over-year every month of the first quarter of 2026. For more information, visit Homes.com.

* Based on an internal analysis of approximately 11,000 Member agents, which showed an average annual commission increase of $36,400. This figure represents an average and is not a guarantee of future performance. Individual results may vary based on market conditions, agent activity, and other factors.

** The Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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$47 million estate in Miami marks the highest publicly marketed home sale of the month, with multiple markets exceeding transactions above $20 million

ARLINGTON, Va.--(BUSINESS WIRE)--Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, published the most expensive publicly marketed home sales across major U.S. metropolitan areas for the month of April. The full analysis is available here.

The list highlights the top closed sales in leading markets nationwide based on publicly marketed transactions recorded in multiple listing service (MLS) data. April’s most expensive sale occurred in Miami, where a waterfront estate in Coral Gables sold for $47 million. Los Angeles and Phoenix followed with $41 million and $32 million transactions respectively, while San Francisco recorded the fourth-highest publicly marketed sale at $27.5 million.

The full roundup of the most expensive publicly marketed home sales includes:

Miami: $47 million Los Angeles: $41.3 million Phoenix: $32.5 million San Francisco: $27.5 million New York City: $22 million Tampa: $19.1 million Seattle: $14 million Las Vegas: $10.5 million Boston: $9.5 million Atlanta: $7. 8 million San Diego: $7.4 million Washington, D.C.: $7 million Minneapolis: $6.7 million Chicago: $6.3 million Philadelphia: $5.8 million Denver: $5.6 million Charlotte: $5.2 million Nashville: $5.1 million Cleveland: $3.2 million A $21.5 million mansion in Houston’s River Oaks neighborhood was also included in the April roundup of top sales but is not reflected in the chart, as Texas is a nondisclosure state where home sale prices are not required to be publicly reported.

The distribution of these top-tier transactions highlights the continued concentration of ultra-luxury sales at the very top end of the market, led by water-view properties across several major metros. Miami, Los Angeles, Phoenix, San Francisco and New York City all recorded publicly marketed sales above $20 million, underscoring the continued demand for luxury homes with premium views and high-end amenities.

Based on MLS data found on Homes.com, the analysis captures publicly marketed transactions and does not include private or off-market deals, which are common in the highest tier of the housing market.

For more information and insights on the latest homebuying and selling market trends, visit Homes.com.

About Homes.com

The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members gain $36,400 in commission in their first year* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** and organic traffic to Homes.com was up more than 100% year-over-year every month of the first quarter of 2026. For more information, visit Homes.com.

*Based on an internal analysis of approximately 11,000 Member agents, which showed an average annual commission increase of $36,400. This figure represents an average and is not a guarantee of future performance. Individual results may vary based on market conditions, agent activity, and other factors.

** The Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.

About CoStar Group

CoStar Group (NASDAQ: CSGP), an S&P 500 company, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.7% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: CoStar Group (CSGP - Free Report) CoStar Group is a prominent provider of online real estate marketplaces, data, and analytics in the United States. The company has been expanding its international footprint with operations in the United Kingdom, Spain, France, and Germany. CoStar Group's services cover various property types, including office, retail, industrial, multifamily, commercial land, mixed-use, and hospitality. Through the acquired businesses of Homesnap and Homes.com, it offers an online platform for residential real estate agents and brokers. Homebuyers can view residential property listings through the portal.

CSGP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. CSGP has a Growth Style Score of B, forecasting year-over-year earnings growth of 54% for the current fiscal year.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $1.34 per share. CSGP boasts an average earnings surprise of +23%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CSGP should be on investors' short list.

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National rent growth remains positive in May as spring leasing season momentum continues to lag

ARLINGTON, Va.--(BUSINESS WIRE)--Today Apartments.com, an industry-leading online marketplace of CoStar Group, Inc. (NASDAQ: CSGP), published its latest report on multifamily rent trends for May 2026.

U.S. apartment rents increased modestly in May, with the national average rising to $1,737, a +0.2% increase from April’s upwardly revised level of $1,733. This marks the sixth consecutive month of positive rent growth following a period of flat to declining monthly performance in the second half of 2025. On an annual basis, rent growth was flat at +0.7% in May 2026, in line with April’s reading and down from +1.3% one year earlier.

Both March and April were initially reported as +0.2% month over month and have been revised upward to +0.3%.

While apartment rent growth typically peaks at this stage of the spring leasing season, gains in May were modest, suggesting that spring leasing season momentum is more restrained than in a typical year. While monthly rent growth has stabilized since late 2025, supply conditions and more measured demand growth continue to restrain pricing momentum nationally.

Rent growth was broad-based across regions in May, with all five regions posting month-over-month increases. The Northeast and Pacific regions led on a monthly basis, both rising +0.3%, followed by the Midwest region at +0.2% and the South and Mountain regions, both at +0.1%. On an annual basis, regional performance was more uneven. The Midwest recorded the strongest year-over-year rent growth at +2.0%, followed by the Northeast at +1.3% and the Pacific at +1.2%. In contrast, rents declined year over year in the South, down -0.8%, and in the Mountain region, down -1.7%. Performance across Western markets continues to diverge, with supply-heavy Mountain metros facing greater pressure than more supply-constrained Pacific markets.

At the metro level, rent growth remained widespread in May, with 43 of the top 50 markets posting month-over-month increases, down slightly from 45 markets in April. San Jose led monthly rent growth with a +1.2% increase, followed by Tucson at +0.9% and San Francisco at +0.8%. Only seven major markets recorded monthly rent declines, with Las Vegas down -0.3%, Richmond down -0.2%, Fort Lauderdale, Phoenix, Los Angeles and Louisville each down -0.1%, and San Antonio also posting a slight decline.

On an annual basis, San Francisco continued to outperform, posting rent growth of +8.4%, followed by San Jose at +4.9%, Norfolk at +4.4% and Chicago at +2.9%. Meanwhile, markets experiencing the largest supply additions remained under pressure, led by Austin and San Antonio, both with -3.3% annual declines, followed by Denver at -3.1% and Las Vegas at -2.5%, reflecting new supply continuing to outpace demand.

Regionally, modest monthly rent gains are now widespread across the country, though year-over-year performance remains uneven and closely tied to local supply conditions. While many markets have moved past peak construction activity, a substantial—though gradually easing—inventory overhang continues to weigh on rent growth nationally as the 2026 spring leasing season progresses.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

More News From CoStar Group

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It has been about a month since the last earnings report for CoStar Group (CSGP - Free Report) . Shares have lost about 5.3% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CoStar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

CoStar Group Q1 Earnings Beat Estimates, Revenues Up Y/YCoStar Group reported non-GAAP earnings of 23 cents per share in the first quarter of 2026, which surpassed the Zacks Consensus Estimate by 30.16%. The company reported earnings of 15 cents per share in the year-ago quarter, up 64.3% year over year.

Revenues of $897 million rose 22.5% year over year, missing the Zacks Consensus Estimate by 0.06%.

The quarter featured sharp profitability improvement, supported by cost efficiencies and strong performance across its real estate marketplaces. Annualized net new bookings were $67 million, up 20% from the year-ago period.

CoStar Sees Residential Growth Outpacing CRECoStar Group reported balanced growth across its two operating segments, with Residential Real Estate continuing to expand faster than the Commercial Real Estate portfolio. Commercial Real Estate revenue (52.6% of revenues) was $472 million, up 15.4% year over year, while Residential Real Estate revenue (47.4% of revenues) was $425 million, up 31.6% year over year.

Within Commercial Real Estate, CoStar Group’s revenues (36.9% of revenues) were $331, which increased 8.5% year over year.  LoopNet’s revenues (9.5% of revenues) were $85 million, which increased 16.4% year over year.  Other Commercial Real Estate revenues (6.2% of revenues) were $56 million, which increased 80.6% year over year, aided by contributions from acquired operations.

CSGP Leans on AI and Marketplaces to Drive EngagementIn the first quarter of 2026, the company highlighted the launch of the Homes.com AI application and pointed to stronger consumer interaction metrics tied to AI-driven search experiences, alongside ongoing progress in member growth for Homes.com.

In the reported quarter, CSGP continued product enhancements at Apartments.com, including expanded natural-language and voice-search capabilities, and highlighted pricing and inventory initiatives at LoopNet designed to broaden advertiser participation. These initiatives collectively reinforce CoStar Group’s strategy of pairing marketplace scale with technology-led differentiation to support sustained growth and expanding profitability.

CSGP Delivers Operating Leverage as EBITDA DoublesIn the reported quarter, selling and marketing expenses increased 14.1% year over year to $421 million. As a percentage of revenues, selling and marketing expenses were 46.9% compared with 50.4% in the year-ago quarter. General and administrative expenses, as a percentage of revenues, contracted 520 basis points (bps) on a year-over-year basis to 14%.

Software development expenses, as a percentage of revenues, expanded 30 bps, while Customer base amortization expenses rose 180 bps year over year.
Operating expenses increased 12.2% year over year to $698 million. As a percentage of revenues, operating expenses decreased 720 bps year over year to 77.8%.

Adjusted EBITDA was $132 million compared with the year-ago quarter’s $66 million. The adjusted EBITDA margin expanded 570 bps to 14.7%.

CSGP’s Balance Sheet & Cash Flow StatementCoStar Group reported cash and cash equivalents of $1.21 billion as of March 31, 2026, compared with $1.63 billion as of Dec. 31, 2025.

The company had a long-term debt of $994 million as of March. 31, 2026, compared with $993 million as of Dec. 31, 2025.

Cash generated by operating activities was $152 million in the reported quarter compared with $430 million in the previous quarter.

In the first quarter of 2026, CoStar Group repurchased 11.4 million shares for $505 million, with most of this executed through an accelerated share repurchase plan.

CoStar Group’s OutlookManagement reaffirmed 2026 revenue guidance of $3.78-$3.82 billion, implying continued double-digit growth at the midpoint. Adjusted EBITDA guidance for 2026 increased to $780-$820 million, representing a higher margin profile than previously expected.

For the second quarter of 2026, the company expects revenues between $922 million and $932 million. Adjusted EBITDA is expected to be in the range of $160-$180 million, with adjusted earnings per share anticipated to be in the range of 27 cents to 30 cents per share, signaling further sequential improvement in profitability.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

The consensus estimate has shifted 14.55% due to these changes.

VGM ScoresCurrently, CoStar has a nice Growth Score of B, however its Momentum Score is doing a bit better with an A. However, the stock has a grade of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, CoStar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerCoStar belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, ServiceNow (NOW - Free Report) , has gained 14.9% over the past month. More than a month has passed since the company reported results for the quarter ended March 2026.

ServiceNow reported revenues of $3.77 billion in the last reported quarter, representing a year-over-year change of +22.1%. EPS of $0.97 for the same period compares with $0.81 a year ago.

For the current quarter, ServiceNow is expected to post earnings of $0.86 per share, indicating a change of +4.9% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

ServiceNow has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.

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Marks the Firm’s Third Liquidity Event This Month and Another Successful Exit for MidOcean’s Business Services Vertical

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the signing of the sale of Bora, Inc. and its subsidiaries (collectively, “Zonda” or the “Company”) to CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group”).

Zonda is the #1 data, marketplace, and software platform for the new home ecosystem. Zonda’s end-to-end platform spans land discovery, homebuilding, home discovery, and homebuying, and is delivered through three integrated offerings: subscription-based data and intelligence covering more than 500 housing metrics across North America; the leading new-home marketplace in the U.S. and Canada; and a full suite of software solutions for the virtual home evaluation experience, including visualization, customization, and tours. Customers rely on Zonda’s proprietary, AI-driven platform for mission-critical, daily decision making across the new home value chain.

MidOcean executed a focused value creation strategy that unified disparate industry assets into a comprehensive purpose-built platform for the new home market and significantly expanded the Company’s offerings across data, marketplaces, and software. During MidOcean’s ownership, Zonda completed nine strategic add-on acquisitions, broadened geographic coverage, invested heavily in proprietary and patented AI-driven data collection and workflow tools, and launched new products targeted to this $27 billion+ total addressable market. The Company more than doubled in scale, materially expanded margins, and achieved more than 50 consecutive quarters of year-over-year ARR growth – demonstrating a successful track record across all housing market conditions.

Sara Badham, Managing Director at MidOcean, commented, “With Zonda’s visionary management team, we set out to create the preeminent platform for data, insights and technology across the residential housing ecosystem. We continually invested behind that vision, in strategic acquisitions, technology, product and talent. Zonda is a trusted partner to its customers and a trusted source of intelligence across the market. We are incredibly proud of what we have built together with the Zonda team and we look forward to watching the Company’s continued success as part of CoStar Group.”

“MidOcean’s strategic insight, operational support, and capital partnership were instrumental in transforming Zonda into the platform it is today. We are excited to combine with the CoStar Group – a global leader in real estate information, analytics, and marketplaces – and look forward to continuing to deliver exceptional value to our customers as part of a larger platform with shared ambitions,” added Jeff Meyers, Founder and Chief Executive Officer of Zonda.

Houlihan Lokey Capital, Inc. served as lead financial advisor to MidOcean. Solomon Partners Securities, LLC. also served as a financial advisor to the Company. Gibson, Dunn & Crutcher LLP served as legal advisor to MidOcean.

About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. In 2024, MidOcean expanded its platform to include structured equity, positioning the firm as a leading provider of capital solutions to the middle market. For more information, please visit https://www.midoceanpartners.com/.

About Zonda
Zonda is the #1 data, marketplace, and software platform purpose-built for the new home ecosystem. Leveraging more than 40 years of category leadership, Zonda serves more than 3,000 customers across the homebuilding lifecycle through proprietary data and intelligence, the leading new-home marketplaces in North America — NewHomeSource and Livabl — and integrated software solutions that power critical builder and industry workflows. Learn more at zondahome.com.

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LONDON--(BUSINESS WIRE)--Shopping centre sales pushed Birmingham retail investments to a 10-year high, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

The rolling 12-month average quarterly volume reached £202 million to the end of Q1, double the five-year annual average.

“The pricing and scale of acquisitions reflect confidence in Birmingham’s position as a core retail destination, supported by strong footfall, a diverse occupier mix and continued inward investment into the city centre,” said Giles Tebbitts, director of market analytics at CoStar Europe. “For institutional capital, these assets offer secure income and long-term repositioning potential, particularly as consumer behaviour stabilises and experiential retail continues to anchor destination schemes.”

The 1.4 million sq ft Merry Hill shopping centre is now more than 96% let, with footfall rebounding to 15 million in 2025 and sales rising 4.3% year-on-year. A £125 million investment programme has reshaped the asset, delivering over 300,000 sq ft of new and upgraded space, including leisure operators and new retail concepts.

“Investor sentiment has softened following the escalation of the Iran conflict, increasing caution in capital markets, with some investors pausing deployment or repricing risk,” said Tebbitts. “Transactional activity has become more selective and pricing momentum has stabilised, contrasting with the stronger recovery seen in the months leading up to the conflict.”

The full analysis can be found here.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.