CoStar Group Names Steve Price as President of Ten-X Auction Platform

Key Facts

In a move reflecting a strategic focus on real estate technology, CoStar Group has appointed Steve Price as the new President of Ten-X, its digital commercial real estate auction platform. Price will oversee sales, marketing, and product performance as the company aims to leverage his extensive experience in auction technology and automation. This leadership change coincides with plans to relaunch the Ten-X website, which will soon feature direct bidding functionality.

Price brings significant sector expertise to the role, having previously spent 12 years at Auction.com as Executive Vice President of Foreclosure Auction Services. According to reports, CoStar Group intends to position Ten-X as a standalone brand under dedicated leadership to optimize its digital auction operations. This operational shift highlights the parent company's commitment to scaling its specialized real estate subsidiaries through veteran industry talent.

From a broader market perspective, recent data shows the U.S. housing sector navigating a complex environment, with the MBA 30-Year Mortgage Rate recorded at 6.77% as of August 12, 2026. While current price levels for CSGP are unavailable at this time, market participants are monitoring how these executive changes will impact the company's growth trajectory, especially following U.S. annual inflation data which reached 3.4% earlier this month.