Homes AI Launch Tests CoStar Group’s Big Bet On Homescom

CoStar Group has unwrapped Homes AI, an AI-powered conversational real estate search tool integrated into Homes.com, aimed at transforming the home search experience with personalized, real-time guidance. This launch comes amidst a period of weak stock performance for CoStar, with shares down significantly over recent weeks and months, intensifying investor focus on the success of Homes.com. The tool leverages CoStar’s proprietary data and Microsoft Azure OpenAI, seeking to differentiate itself from competitors like Zillow and Redfin and support higher-quality traffic and potential new revenue streams.