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Homes.com

Summary

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Homes.com, Inc. is the second-largest real estate portal by traffic market share in the USA in 2023. Headquartered at 501 S. 5th Street Richmond, Virginia, United States, Homes.com maintains additional offices in Boca Raton, Florida; Tallahassee, Florida and San Diego, California. The company also provides real estate marketing and media services including brand advertising, property listing syndication, reputation management and lead generation.

Homes.com, Inc.
Company typeSubsidiary
IndustryReal estate
FoundedTallahassee, Florida
(January 28, 1999 (1999-01-28))
Headquarters
501 S. 5th Street
Richmond, VA 23219
,
United States
Area served
United States & Canada
Key people
  • David R. Mele (president)
Products
  • Agent IDX/VOW websites
  • Data services
  • Home values
  • Lead generation and management services
  • Mobile applications
  • Real estate search
Number of employees
400+
ParentCoStar Group
Websitewww.homes.com

History edit

Homes.com began as the primary website for Homes and Land Publishing in 1993 and was incorporated in January 1999 as Homes.com, Inc. In March of the following year, a venture capital funding round generated $38.5 million [1] and gave Hummer Winblad Venture Partners a controlling interest in Homes.com. In October 2004, Homes.com, Inc. was purchased by Trader Publishing Company, a joint business venture of Landmark Media Enterprises and Cox Enterprises. In September 2006, Landmark Media Enterprises and Cox Enterprises split the assets of Trader Publishing and Homes.com, Inc. becoming a subsidiary of Dominion Enterprises, LLC.

In May 2011, Homes.com launched the Home Values channel[2] to display automated estimates of home prices.[3] In August 2011, the company launched Homes Connect, a platform for real estate professionals.[4]

In September 2014, David Mele was appointed president of Homes.com.[5]

In January 2015, Andy Woolley became the head of industry development.[6]

In April 2021, Landmark announced that Homes.com, a unit of its Dominion Enterprises subsidiary, had been sold to CoStar Group Inc. for $156 million.[7]

Products edit

  • Homes.com real estate search enables perusal of a property's features, price, type and location.[8]
  • Data Services by Homes.com manages more than 650 MLS IDX (Internet Data Exchange) listing feeds representing over 4.3 million listings. The company provides IDX data aggregation and search technology to other real estate companies such as RE/MAX and ERA.[9]
  • Agent and Broker Websites can be purchased from Homes.com with IDX and VOW (Virtual Office Website) capabilities.[4]
  • Lead Generation and Management services aggregate leads from various sources and provide CRM tools for managing those leads.[10]

References edit

  1. ^ Kersnar, Scott (December 2000). "Working To Attract Realtors". Mortgage Technology. 7 (6): 30–36.
  2. ^ "Homes.com Launches Home Values Channel". Building Online.
  3. ^ Abkowitz, Alyssa (13 November 2011). "How to Figure the Fuzzy Math of Internet Home Values". The Wall Street Journal.
  4. ^ a b "Homes.com offers integrated marketing platform". Inman News.
  5. ^ "Homes.com has new leader". Inman News.
  6. ^ "Homes.com promotes new head of industry development from within". Inman News.
  7. ^ The Virginian-Pilot
  8. ^ "What the Websites Get Right…and What They Don't". The Wall Street Journal.
  9. ^ "Revamped ERA website live with IDX listings". Inman News.
  10. ^ Patterson, Maria (6 April 2007). "A Rising Force". RIS Media.

External links edit

  • Official website