Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
CoStar Group is set to acquire US housing market data and analytics firm Zonda from MidOcean Partners in a deal valued at nearly USD 800 million. The acquisition is expected to strengthen CoStar’s position in residential real estate data, homebuilding analytics and digital property research. Zonda is widely known for tracking housing starts, land supply, new home sales and builder activity across the US housing sector. The deal comes as CoStar continues expanding beyond commercial real estate through strategic acquisitions and investments in property technology, online marketplaces and residential housing platforms.
US-based real estate data and property listings company CoStar Group is close to acquiring housing market intelligence firm Zonda from private equity company MidOcean Partners in a transaction valued at around USD 800 million, according to people aware of the matter. The deal is expected to be announced soon. Advertisement
The acquisition is likely to strengthen CoStar’s presence in the US residential real estate market, particularly in housing data, homebuilding research and construction analytics. Zonda provides data and advisory services related to new home sales, housing starts, land availability, pricing trends and builder activity across major housing markets in the United States. Its research platform is widely used by developers, homebuilders, lenders, investors and housing analysts.
Zonda was formed after MidOcean Partners merged housing research firm Meyers Research with Hanley Wood several years ago. Since then, the company has expanded its position in residential market intelligence and software solutions focused on the homebuilding sector. Apart from market research, Zonda also provides digital tools, forecasting services and project tracking for residential real estate development.
The proposed transaction adds to CoStar Group’s aggressive expansion strategy in the property technology and real estate analytics sector. Over the past few years, the company has completed several major acquisitions to diversify beyond commercial real estate listings and data services. Its portfolio includes Apartments.com, LoopNet, STR, Homes.com and Matterport. Earlier, CoStar also acquired Ag-Analytics to strengthen its land and agricultural property data business.
The company has recently increased its focus on the residential housing segment through Homes.com, where it has been competing more directly with major US housing platforms. Industry analysts believe the acquisition of Zonda could help CoStar strengthen its housing market research capabilities at a time when demand for real-time property data and construction intelligence is increasing across the residential sector.
The development comes amid continued pressure in the US commercial real estate market, where office and investment activity has remained uneven in several regions. Investor concerns around spending on residential platforms and marketing initiatives have also impacted CoStar’s market valuation in recent months. Despite this, the company has continued to pursue long-term growth through acquisitions and expansion into digital real estate services.
Neither CoStar Group nor Zonda issued official comments on the reported acquisition, while MidOcean Partners declined to comment on the matter.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
