(Reuters) -CoStar, a commercial real estate data and analytics firm, raised annual revenue forecast and beat third-quarter estimates on Tuesday, driven by higher bookings and growth across its subscription-based platforms such as Homes.com.

U.S. homebuilder sentiment has been recovering amid hopes that declining mortgage rates would revive housing demand, though persisting economic volatilities and a lackluster labor market are likely to temper some of the anticipated boost.

The company expects full-year 2025 revenue to be between $3.23 billion and $3.24 billion, compared with $3.14 billion to $3.16 billion forecast earlier. Analysts on average were estimating $3.18 billion, according to data compiled by LSEG.

Real estate agents and customers rely on platforms such as CoStar, which offe

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