CoStar Group Names Felix Kusch as Homes.com President After First Profitable Quarter

Key Facts

1CoStar Group appointed Felix Kusch as president of Homes.com following his leadership of European real estate portals Immoweb and Immowelt.

2Homes.com's residential segment reported its first profitable quarter with $12 million in adjusted EBITDA.

3Homes.com achieved a 66% year-over-year revenue growth.

In a strategic move to bolster its real estate technology footprint, CoStar Group has appointed Felix Kusch as the new President of Homes.com. Kusch joins the leadership team following a successful tenure managing prominent European real estate portals Immoweb and Immowelt. The appointment is designed to leverage his extensive experience in digital marketplaces and M&A to scale the platform's operations.

The executive change follows a significant financial milestone for Homes.com, as the residential segment reported its first profitable quarter with an adjusted EBITDA of $12 million. This profitability was supported by a robust 66% year-over-year increase in revenue. Per market data, these results signal a successful transition toward a sustainable and high-growth business model within the broader CoStar portfolio.

Shares of CSGP stood at $30.46 at the close of September 11, 2026, after reaching a session high of $30.6. Investors will be watching for continued operational momentum under Kusch's leadership, while also monitoring broader housing market catalysts such as the MBA 30-Year Mortgage Rate, which recently reached 6.85%.