CoStar Group recently experienced yet another sign of strength and success within the mortgage industry. During the third quarter of 2023, CoStar Group report a 12% year-over-year increase in annual revenue and marked the 50th straight quarter of double-digit growth. The company attributed the tremendous success to a significant increase in the number of subscribers, as well as opt-in customers who are using the company’s products.
The CoStar Group, a data services company that provides services to the real estate and mortgage industries, has seen great success in the past five years due to its ability to address the industry’s ever-growing need for increased property information and access to real estate data. With the expansion of data services and the introduction of their flagship product, CoStar Exchange, the company has experienced exponential growth and increased demand from the lenders and lenders’ investors who subscribe to their services.
Key Elements:
-CoStar Group has increased revenue for 50th straight quarter
-12% year-over-year revenue increase in 3rd quarter of 2023
-Success attributed to increase in subscribers and opt-in customers
-Company provides real-estate and mortgage data and services
-Flagship product CoStar Exchange has seen exponential growth
-Increase in demand from lenders and investors subscribing to services
You can read this full article at: https://www.housingwire.com/articles/costars-50th-quarter-of-double-digit-revenue-growth/(subscription required)
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