Updated
Updated · The Real Deal · Jun 12
CoStar Buys Zonda for $800 Million in Cash, Expanding Real Estate Data Reach
Updated
Updated · The Real Deal · Jun 12

CoStar Buys Zonda for $800 Million in Cash, Expanding Real Estate Data Reach

3 articles · Updated · The Real Deal · Jun 12

Summary

  • $800 million is the price CoStar agreed to pay for Zonda in an all-cash deal slated to close later this year.
  • Zonda brings a proprietary lot-level database and development-activity data used by about 3,000 customers, including major homebuilders Lennar and Toll Brothers as well as lenders.
  • The acquisition extends CoStar’s push deeper into real estate information services at a time when market participants are watching uneven property activity and financing conditions closely.
  • Commercial real estate deal volume fell 33% in April from a year earlier, though year-to-date volume was still up 14% and MSCI’s pricing index rose 1.1%.

Insights

As home prices fall for the seventh straight month, is this a healthy market correction or the beginning of a deeper downturn?
With federal deregulation underway and mortgage rates predicted to fall, what is truly holding back a recovery in new home construction?