Key facts
- Felix Kusch has been named president of Homes.com.
- Kusch previously served as CEO of Immoweb in Belgium and Immowelt in Germany.
- He will report directly to CoStar Group founder and CEO Andy Florance.
- CoStar's residential segment achieved $12 million in adjusted EBITDA in Q2 2026.
- Homes.com revenue grew 66% to $28.5 million in Q2 2026.
CoStar Group has appointed Felix Kusch, a former executive of European real estate portals, as the new president of Homes.com. Kusch, who previously led Immoweb in Belgium and Immowelt in Germany, will report directly to CoStar CEO Andy Florance.
Florance stated that Kusch's experience in leading top European real estate portals and overcoming tough competition is precisely what is needed for Homes.com. He emphasized a shared philosophy of prioritizing the property and agent over selling leads to multiple agents.
Kusch expressed his familiarity with CoStar's approach, having observed it from Europe. He highlighted his career focus on building trust by promoting properties rather than solely focusing on leads, a strategy he plans to apply in the U.S. market.
The appointment coincides with CoStar's residential business achieving its first profitable quarter. In the second quarter of 2026, the segment generated $12 million in adjusted EBITDA, a significant improvement from the previous quarter. Homes.com revenue saw a 66% year-over-year increase to $28.5 million, boosted by the launch and expansion of Homes.com Ai across CoStar's portfolio.