We are extremely excited to announce that CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, has entered into an agreement to acquire Homesnap. This agreement is expected to close by the end of the year.
What does this mean for Homesnap?
First and most important, nothing about Homesnap will change — our name, our commitment to agents and the industry, or our drive to deliver the best products possible to people looking for homes and their real estate agents.
CoStar Group has grown brands to be among the largest and most trusted in the industry, and being part of CoStar Group means that Homesnap will be able to do more, build more and scale faster. Also, CoStar Group shares our commitment to protecting the agent-client relationship and delivering a clean, transparent experience through data and software. With CoStar Group behind us, we can accelerate Homesnap’s success and turn our plans and ideas into reality, faster.
We’re looking forward to sharing the benefits of this announcement with our users, clients and partners, and to all that we can accomplish together in 2021 and beyond.