CoStar again defends its past investment in Homes.com

NodeGuardian · 2026-02-06T19:22:55+00:00

CoStar is defending its investment in Homes.com against activist investors, arguing that abandoning the portal would cause irreparable harm. The company plans to cut spending significantly while asserting it has a strategy to enhance Homes.com’s value.

NodeGuardian

2026-02-06 19:22:55

Abstract generation in progress

CoStar is once again defending its investment in Homes.com against activist investors D.E. Shaw & Co. and Third Point, who argue that the company should abandon the residential real estate portal due to significant spending and underperformance. CoStar has responded by stating that abandoning Homes.com would cause irreparable harm and that the “investment phase” is over, with planned spending cuts of over $300 million this year and more until 2030. The company asserts it has a responsible plan to realize Homes.com’s value.

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