CoStar names Felix Kusch president of Homes.com
Move follows 2nd quarter 2026 residential adjusted EBITDA of $12 million and Homes.com revenue up 66% to $28.5 million
The appointment of Felix Kusch as president of Homes.com by CoStar is a significant development in the real estate industry, particularly in the residential sector. This move comes on the heels of impressive financial performance, with Homes.com revenue surging 66% to $28.5 million and residential adjusted EBITDA reaching $12 million in the second quarter of 2026.
The growth of Homes.com is noteworthy, especially considering the competitive landscape of online real estate marketplaces. As the residential market continues to evolve, the demand for reliable and comprehensive property information is on the rise. CoStar's investment in Homes.com and the appointment of a new president suggest a strategic push to capitalize on this trend. For the paint industry, this development may indicate increased demand for residential properties, which could, in turn, drive growth in the paint and coatings sector.
As the real estate market continues to shift, it's essential to watch how Homes.com and CoStar navigate the changing landscape. The next thing to watch is how Kusch's leadership will influence Homes.com's strategy and product offerings, particularly in terms of innovation and expansion. Additionally, the paint industry should keep an eye on trends in residential construction and renovation, as they may impact demand for paint and coatings in the coming quarters.
Originally reported by housingwire.com. PaintNews adds analysis for real estate & property readers.