Zillow, Inc. announced today that it has entered into a definitive agreement to acquire Trulia, Inc. for $3.5 billion in a stock-for-stock transaction, which is expected to close in 2015. The combined company will keep both the Zillow and Trulia consumer brands and will see Trulia CEO Pete Flint maintaining his position, though he will report to Zillow CEO Spencer...
This past weekend the Colorado Association of REALTORS® received news that Move, Inc. is the target of a person or group of people that is illegally generating massive amounts of Internet traffic and pointing it at their sites, including realtor.com and other Move corporate sites. This amount of traffic makes their service unavailable to legitimate consumers and customers. Move and law enforcement are working to determine...
We are pleased to announce that Alan Lovitt has been elected as the 2015 Chairman-Elect. Congratulations Alan! ELECTION RESULTS: Chairman of the Board: David Barber. Chairman-Elect: Alan Lovitt. Treasurer: Barbara Asbury. DISTRICTS: Metro District Chair: Deborah Conner. Metro District Chair-Elect: Nancy Griffin. Mountain District Chair: Jill Masters. Mountain District Chair-Elect: Molly Eldridge. Northwest District Chair: Michelle Martinez. Northwest District Chair-Elect: Debbie Laity. Northeast District Chair: Terry Lee. Northeast District Chair-Elect: Francie Martinez. Southwest District Chair:...
The National Association of REALTORS® just released the Home Buyers & Sellers Generational Trends report. Read the highlights and see the report below. Highlights Gen Y comprises the largest share of home buyers at 31 percent, followed by Gen X at 30 percent, and both Younger (16 percent) and Older Boomers (14 percent) at 30 percent. The Silent Generation has the smallest share of...
Most areas of Colorado saw an increase in housing inventory (properties available for purchase) during the first quarter of 2014 compared to the previous quarter (Q4 2013). New listings increased 35 percent statewide from Q4 2013 to Q1 2014 and 5 percent compared to Q1 2013. At the same time, overall sales slowed down 19 percent in Q1 2014 compared...
Yesterday the United States Senate voted 72-22 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370). The Senate acted quickly to pass the bill as amended by the House to avoid the need for a conference committee to reconcile any differences. The new bill further reins in and holds the Federal Emergency Management Agency (FEMA) accountable for the Biggert-Waters implementation...
The Internet has transformed how consumers shop for a wide variety of goods and services, but many issues remain unresolved when it comes to marketing homes online. About half of real estate agents appreciate that they can get their listings out to thousands of potential buyers via national websites, said Steve Murray, CEO of Castle Rock-based REAL Trends, during a Denver...
It’s all over the news and impossible to ignore: Colorado has legalized recreational marijuana. USA Today recently published a story about how joint-rolling and Dorito eating are among anticipated pot-themed contests at the Denver County Fair in August. It seems Colorado has become the butt of a few jokes the last few months. No matter where your personal opinion lands on...
Through the first three quarters of 2013 most areas of Colorado showed steady and significant improvement on such leading housing indicators as sales, median pricing and days on the market. During the fourth quarter the housing market overall slowed down significantly, a trend that some experts believe will carry into 2014. Sales of single-family homes, condominiums and townhouses (taken together) increased...
A new warning for brokers across the country: If you get an email inquiry through Zillow or any other third party real estate website that involves a customer asking about a listing and stating that they want a home just like this one, do not respond to the message if you have not had previous communications with the client. Fraud attempts...