Financial Data and Key Metrics Changes - CoStar Group achieved revenue of $781 million, a strong 15% increase compared to the previous year, marking the fifty-seventh consecutive quarter of double-digit revenue growth [6][7][58] - Adjusted EBITDA rose significantly to $85 million, representing an impressive 108% increase compared to Q2 of 2024 [7][59] - Net new bookings totaled $93 million, a remarkable 65% increase over the previous quarter and a 38% increase year over year, setting a new record for the highest quarterly net new bookings in CoStar Group's history [7][59][56] Business Line Data and Key Metrics Changes - Apartments.com revenue increased by 11% year over year, reaching $292 million, with net new bookings of $45 million, a 20% increase year over year [8][59] - Homes.com achieved residential annualized net new bookings of $12 million for the quarter, with revenue growing by 8% compared to Q2 of 2024 [17][59] - CoStar product revenue reached $271 million in Q2 2025, with a 7% year-over-year growth [34][59] Market Data and Key Metrics Changes - The commercial real estate (CRE) market continues to face challenges, particularly in the office segment, with high vacancy rates and negative net absorption rates [38] - Transaction volumes in the CRE market increased by 43% year over year, with office transaction volumes spiking 71% [38] - The UK residential marketplace saw a 14% year-over-year revenue growth in Q2 2025, with net new bookings up by 257% compared to the first half of the previous year [39] Company Strategy and Development Direction - CoStar is expanding its core sales team by 20% and tripling the homes.com sales force from 230 representatives in 2024 to about 750 by the end of 2025 [8] - The company is focusing on integrating Matterport's technology to enhance its marketplace offerings and improve profitability [51][52] - CoStar is in the final stages of acquiring Domain Holdings, which is expected to close in Q3 2025, positioning the company for further growth in the Australian market [32][66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong competitive position, stating that they have not observed any loss of market share or pricing power [72][74] - The company anticipates continued growth in residential revenue, expecting a 20% increase in 2025 [61] - Management highlighted the significant total addressable market (TAM) in the industry, indicating that wallet share dynamics are less relevant due to the vast market size [74] Other Important Information - CoStar's cash balance as of June 30 was $3.7 billion, with a net interest income of $33 million in Q2 [65] - The company repurchased 585,000 shares for $45 million in Q2, with plans to repurchase at least $150 million of the $500 million authorized in 2025 [66] - The company is discontinuing certain non-core Matterport revenue that did not positively contribute to earnings, which is expected to impact Q3 revenue [64] Q&A Session Summary Question: Competitive dynamics in apartments.com - Management stated that they have not seen any loss of share or ability to capture price value at apartments.com, emphasizing strong product performance and high renewal rates [72][73] Question: Improvement in homes.com NPS scores - Management attributed the improvement to better communication of value propositions and the effectiveness of the sales force, noting that they are building a superior product offering [78][80] Question: Pricing strategies across different business segments - Management indicated that they are comfortable with current pricing strategies, focusing on penetration initially before maximizing average selling prices (ASP) [88]

Financial Data and Key Metrics Changes - CoStar Group achieved revenue of $781 million, a strong 15% increase compared to the previous year, marking the fifty-seventh consecutive quarter of double-digit revenue growth [6][55] - Adjusted EBITDA rose significantly to $85 million, representing an impressive 108% increase compared to Q2 2024, with a profit margin of 11% [6][56] - Net new bookings totaled $93 million, a remarkable 65% increase over the previous quarter and a 38% increase year over year, setting a new record for the highest quarterly net new bookings in CoStar Group's history [6][56] Business Line Data and Key Metrics Changes - Apartments.com reported revenue of $292 million, an 11% increase from Q2 2024, with net new bookings of $45 million, representing a 20% increase year over year [7][56] - Homes.com achieved residential annualized net new bookings of $12 million for the quarter, with revenue growing by 8% compared to Q2 2024 [17][56] - CoStar product revenue reached $271 million in Q2 2025, with a 7% year-over-year growth [32][56] Market Data and Key Metrics Changes - The UK residential marketplace saw a 20% year-over-year increase in inventory, reaching over 800,000 listings [29] - The commercial real estate market experienced a 43% year-over-year increase in transaction volumes, with office transaction volumes spiking 71% [36] - International businesses achieved 90% year-over-year growth in net new bookings in Q2 2025 compared to Q2 2024 [36] Company Strategy and Development Direction - CoStar is expanding its core sales team by 20% and tripling the homes.com sales force from 230 to about 750 by the end of 2025 to capture additional growth opportunities [7] - The company plans to integrate Matterport's capabilities more deeply into its platforms, shifting Matterport towards a business-to-business approach [49][52] - CoStar is in the final stages of acquiring Domain Holdings, which is expected to close in Q3 2025, enhancing its market position in Australia [30][63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong competitive position of apartments.com, noting no loss of market share despite competitive pressures [68][69] - The company anticipates continued growth in residential revenue, expecting a 20% increase in 2025 [58] - Management highlighted the ongoing challenges in the commercial real estate market, particularly in the office segment, but noted positive trends in transaction volumes [36] Other Important Information - CoStar's cash balance as of June 30 was $3.7 billion, earning net interest income of $33 million in Q2 2025 [62] - The company repurchased 585,000 shares for $45 million in Q2, with plans to repurchase at least $150 million of the $500 million authorized in 2025 [63] - The company is revising its revenue guidance for 2025 to a range of $3.135 billion to $3.155 billion, implying an annual growth rate of 15% [64] Q&A Session Summary Question: Competitive dynamics in apartments.com - Management stated there has been no loss of share or ability to capture price value at apartments.com, emphasizing strong product performance and high renewal rates [68][69] Question: Improvement in homes.com NPS scores - Management attributed the improvement to a better product offering and effective communication of value propositions to clients, noting the learning curve for the sales force [73][76] Question: Pricing strategies across business segments - Management indicated that while the lender ASP is higher than standard broker owner ASP, they are focusing on penetration pricing for new products to build market share [82][84] Question: Contextualizing new member growth for homes.com - Management did not provide specific details on member growth but indicated strong momentum and improvements in NPS and bookings [86] Question: EBITDA guidance for the third quarter - Management clarified that the guidance reflects timing shifts and organic performance, with the majority of the delta attributed to timing [88]

Group 1 - CBRE Group is the global leader in the real estate service market, holding the 1 position in leasing, property sales, outsourcing, appraisal, and property management markets [1] - Financial institutions have consistently increased asset allocations to the real estate market over the past few years [1]

Core Insights - June 2025 saw a continued increase in home sales, marking the fifth consecutive month of growth, with a 1.3% rise from May and a 5.7% increase year-over-year [1][6] - Inventory levels also increased, with homes for sale up 3.9% month-over-month and 30.1% year-over-year, indicating a more favorable market for buyers [1][14] - The median sales price reached $440,000, reflecting a 2.8% increase from May and a 2.1% increase from June 2024 [1][10] Sales Activity - The overall number of home sales increased by 5.7% compared to June 2024 and by 1.3% from May 2025 [6] - Chicago experienced the highest sales growth, with a 12.9% increase from June 2024 [3] - New listings decreased by 12.8% from May 2025, but were still 1.4% higher than June 2024, marking the 16th consecutive month of year-over-year growth [2][4] Inventory Trends - Active inventory rose significantly, up 30.1% year-over-year across the surveyed metro areas [2] - The months' supply of inventory increased to 2.7 months, up from 2.1 months in June 2024 [8][14] - Markets with the highest months' supply included Miami, FL at 7.4 months and Honolulu, HI at 5.9 months [14][16] Pricing Dynamics - The average close-to-list price ratio was 99%, consistent with May 2025 but down from 100% in June 2024 [8][12] - The markets with the largest year-over-year increases in median sales price included Cleveland, OH at +9.0% and Anchorage, AK at +8.5% [10][11] Market Highlights - Notable increases in new listings were observed in Fayetteville, AR (+24.9%), Las Vegas, NV (+18.7%), and Manchester, NH (+16.8%) [4][5] - Conversely, significant decreases in new listings were reported in Trenton, NJ (-25.2%) and Philadelphia, PA (-24.0%) [4] - The markets with the highest year-over-year sales increases included New Orleans, LA (+17.1%) and Manchester, NH (+16.1%) [6][9]

Core Insights - Behr Paint Company has announced a collaboration with REMAX Canada to support DIY home improvement and real estate decisions for Canadians [1][2] - The partnership emphasizes the concept of DIYconomics, promoting financially responsible home updates through the use of BEHR paint and resources [2] Company Collaboration - The collaboration leverages the REMAX Media Network to provide content and resources aimed at empowering homeowners [4] - Both brands are recognized as BrandSpark Most Trusted® in their categories, enhancing consumer confidence in their offerings [1] Consumer Insights - A survey by REMAX Canada revealed that 27% of active buyers and sellers consider a freshly painted home important, with 28% willing to paint before listing or purchasing [3] - 20% of Canadians plan to remodel or significantly upgrade their homes, indicating a strong interest in home improvement [3] Marketing Initiatives - A national digital contest will be launched on REMAX.ca, offering a DIY prize pack valued at $2,000 CAD, including BEHR paint and a personal colour consultation [5] - The collaboration aims to provide budget-friendly tips and expert insights to homeowners looking to enhance their spaces [5] Tools and Resources - Behr offers tools like ColourSmart to help consumers visualize and coordinate paint colors in their spaces [4] - Curated colour palettes, including the BEHR Designer Collection, are available to assist consumers in making informed choices [4] Market Trends - A REMAX renovation study found that 56% of Canadians believe minor updates, such as refreshing paint, provide the best return on investment [5] - The collaboration targets cost-conscious Millennials and Gen Z homeowners who are looking to personalize their spaces and boost home value [3]

Las Vegas, July 16, 2025 (GLOBE NEWSWIRE) -- Las Vegas Homes By Leslie - RE/MAX United Realtor, a well-respected real estate agency led by experienced realtor Leslie Hoke, is excited to announce the new listings for Amber Ridge Condos in the lively Arbors Village of Summerlin. These new listings provide potential homeowners with an opportunity to join a friendly, gated community packed with appealing amenities. Situated in a region known for its natural beauty, Amber Ridge offers a perfect balance of comfor ...

Core Viewpoint - Momentum investing focuses on buying stocks that are trending upwards, contrasting with the traditional strategy of buying low and selling high. This approach can lead to significant gains but carries risks if stocks lose momentum after reaching high valuations [1]. Group 1: Momentum Investing Strategy - Momentum investing involves buying high and selling higher, aiming for quick profits from fast-moving stocks [1]. - Identifying the right entry point for momentum stocks is challenging, as they may lose momentum if their valuations exceed future growth potential [1]. Group 2: Bargain Momentum Stocks - A safer investment strategy includes buying bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [2]. - The 'Fast-Paced Momentum at a Bargain' screen helps investors find fast-moving stocks that remain attractively priced [2]. Group 3: Fathom Holdings (FTHM) Analysis - Fathom Holdings (FTHM) has shown a four-week price change of 6.3%, indicating growing investor interest [3]. - Over the past 12 weeks, FTHM's stock price has increased by 82.2%, demonstrating its ability to deliver positive returns over a longer timeframe [4]. - FTHM has a beta of 2.12, suggesting it moves 112% higher than the market in either direction, indicating fast-paced momentum [4]. - The stock has a Momentum Score of A, suggesting it is an opportune time to invest [5]. - FTHM has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [6]. - The stock is trading at a Price-to-Sales ratio of 0.10, indicating it is undervalued at 10 cents for each dollar of sales [6]. Group 4: Additional Investment Opportunities - Besides FTHM, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7]. - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8].

Core Viewpoint - Colliers International Group Inc. will release its second quarter results for the period ending June 30, 2025, on July 31, 2025, at approximately 7:00am ET, followed by a conference call at 11:00am ET to discuss these results [1]. Group 1 - The conference call will be hosted by Jay S. Hennick, Global Chairman & CEO, and Christian Mayer, CFO [1]. - The call can be accessed via local and toll-free telephone numbers, as well as through a webcast available on the company's corporate website [2]. - A replay of the webcast will be available for those unable to attend the live call [2]. Group 2 - Colliers is a global diversified professional services and investment management company, operating through three platforms: Real Estate Service, Engineering, and Investment Management [3]. - The company has delivered approximately 20% compound annual returns for shareholders over the past 30 years, supported by significant inside ownership and substantial recurring earnings [3]. - Colliers has nearly $5.0 billion in annual revenues, a workforce of 23,000 professionals, and manages over $100 billion in assets [3].

Core Insights - FOREWARN services will be made available to approximately 10,000 members of the MIBOR REALTOR Association to enhance agent safety [1][3] - The service provides real-time information solutions, including identity verification and criminal history checks, accessible via a mobile app [2][5] - MIBOR members can access FOREWARN services at no additional cost, promoting proactive safety measures [2][3] Company Overview - FOREWARN, LLC is a leading provider of real-time information solutions for real estate agents, focusing on safety and risk mitigation [1][5] - MIBOR REALTOR Association represents central Indiana's REALTORS, serving around 10,000 professionals across 14 counties [7][8] - MIBOR aims to strengthen communities and promote professionalism through technology resources [8]

Investment Rating - The report rates several developers as "Buy," specifically C&D International, CR Land, China Jinmao, and KE Holdings, while others are rated as "Hold" [8][22]. Core Insights - The report highlights a positive sentiment in the market due to progress in debt restructuring and the reopening of the offshore bond market, which is expected to benefit Longfor and distressed developers aiming for a turnaround in 2026 [8][22]. - Distressed developers are anticipated to gradually exit property development and shift towards asset-light project management, contingent on significant debt reduction to stabilize their balance sheets [2][8]. - Local governments are increasing the issuance of special bonds to acquire unsold inventories, which could create a virtuous cycle aiding distressed developers in housing delivery and debt repayment [4][8]. Summary by Sections Debt Restructuring - CIFI announced a successful offshore debt restructuring scheme involving a USD 5.3 billion reduction, representing a 66% haircut to offshore debt [2]. - Seazen successfully issued a USD 300 million note at an 11.88% coupon rate, indicating a rebuilding of offshore investors' appetite for the property sector [3]. Market Dynamics - The report notes that while share prices of distressed developers exhibit volatility, there is a preference for developers positioned to benefit from the primary market recovery, such as CRL, C&D, China Jinmao, and KE Holdings [5][8]. - The report anticipates that selected distressed developers may see a new beginning in 2026 as their debts are resolved and inventories cleared [5][8]. Financial Estimates - Revenue forecasts for several developers have been revised down by 1-37% due to slower-than-expected contracted sales, while Shimao's forecasts have been revised up due to better-than-expected performance [23]. - Gross margin forecasts for four developers have been cut by 0.7-7.8 percentage points, reflecting the impact of price cuts, while estimates for CIFI and Country Garden have been adjusted upwards [24]. Inventory and Impairment - Local governments are focusing on acquiring unsold inventories, primarily from projects developed by local government financing vehicles (LGFVs) or state-owned enterprises (SOEs), which may expand the scope for distressed developers [4][8]. - The report provides detailed metrics on inventory impairment across various developers, indicating a trend of managing inventory levels more effectively [11].