CoStar Group appointed European portal veteran Felix Kusch as President of Homes.com on September 14. The leadership change aims to sharpen execution and scale the company’s U.S. residential property ambitions.
The residential segment recently achieved its first profitable quarter. Homes.com revenue grew 66% year-over-year during this period.
Investors are now evaluating if new leadership can convert product traction into improved profit margins. This strategic shift follows a sustained phase of heavy capital investment.