Where Real Estate Gets Its Dirt

CoStar announces re-shuffle and layoffs of 100 employees of HomeSnap/Homes.com

CoStar Group Integrates Homesnap Operations With Homes.Com

“Today, CoStar Group took steps to combine and streamline the operations and functionality of Homes.com and Homesnap. David Mele, who led Homes.com for 7 years prior to its acquisition by CoStar Group in 2021, has been named President of the combined Homes.com and Homesnap organization. The company believes that the combined entity is now better positioned to efficiently achieve its goal of becoming the leading residential real estate portal.”

David Mele (who I hear is well-liked) has mostly been behind the scenes since the acquisition. Well, he is about to get a lot of attention focused on him now.

“Over the course of the next 12 months, CoStar Group expects to increase the net number of employees building Homes.com by 700 after today‚Äôs reorganization and headcount reduction of approximately 100 duplicative roles.”

Damn. 100 people. Well, I guess John Mellencamp doesn’t come cheap…

Sponsored By Lone Wolf