CoStar Names Felix Kusch President of Homes.com

CoStar Group announced the appointment of Felix Kusch as the new president of Homes.com, a significant leadership change for the online real estate marketplace. This executive transition occurs in the wake of robust financial results for CoStar's residential segment, which reported a second quarter 2026 adjusted EBITDA of $12 million. The company's Homes.com platform experienced substantial revenue growth, increasing by 66% to reach $28.5 million in the same quarter. This performance highlights the strategic importance and growing market presence of Homes.com within CoStar's portfolio.

Felix Kusch brings a wealth of experience to his new role, having previously served as Chief Financial Officer for CoStar Group. In his prior capacity, Kusch played a pivotal role in managing the financial operations and strategic planning that contributed to the company's overall expansion and profitability. His deep understanding of CoStar's business model and financial intricacies is expected to be instrumental in guiding Homes.com through its next phase of growth and development. The appointment signals CoStar's commitment to further investing in and scaling its residential real estate offerings.

Homes.com has been a key focus for CoStar Group, with the company actively working to enhance its platform and market share in the competitive online real estate sector. The reported revenue surge of 66% to $28.5 million in Q2 2026 underscores the effectiveness of CoStar's strategies for the Homes.com brand. This growth trajectory suggests that the platform is gaining traction with both consumers and real estate professionals, positioning it as a formidable competitor to established players in the industry. The company's investment in technology and marketing for Homes.com has evidently yielded positive financial outcomes.

The financial performance metrics provided by CoStar Group indicate a strong operational quarter for its residential division. The $12 million adjusted EBITDA demonstrates the segment's profitability, while the substantial revenue increase for Homes.com points to expanding market penetration and transaction volume. These figures are critical indicators of the health and potential of CoStar's real estate ventures. The appointment of Kusch as president is anticipated to leverage this momentum, driving further innovation and strategic initiatives aimed at solidifying Homes.com's position as a leading destination for home buyers and sellers.