CoStar CFO Scott Wheeler said the company plans to ramp up spending on its residential channels by $200 million to $220 million this year, with $110 million earmarked for content generation, $65 million for marketing, and the remainder on technology.

“It’s clear that technology plays a key role in our members’ lives and businesses,” said NAR CEO Bob Goldberg. “From our annual iOi Summit to our REACH tech accelerator program, NAR has its eyes on the future. By partnering with innovation leaders and empowering Realtors® with the latest technology, we’re driving the future of real estate and helping our members build staying power.”

It has been three years since the filing of two major antitrust lawsuits against NAR and certain major brokerages that challenged the way real estate agents are compensated (the Sitzer and the Moehrl cases).