Realtor.com and one of our News Corp sister companies are looking for a number of REALTORS across the country who can contribute to a national feature we are developing jointly that will provide updates on housing conditions in 21 of the top U.S. markets. These markets are Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Houston, Las Vegas, Los Angeles, Miami,...
How the FTC decided to allow the Zillow/Trulia Merger? The following are the comments of the Federal Trade Commission in setting out their view of the Zillow/Trulia combination. This is interesting reading for all industry participants. We note that REAL Trends (along with many others) filed an expert report on this matter, which laid out industry fundamentals as to how brokers...
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...
NAR is joining a lawsuit filed by MOVE, Inc. against Zillow and new Zillow Chief Industry Development Officer Errol Samuelson. In addition to NAR and MOVE, the plaintiffs include RealSelect, Inc., Top Producer Systems Company, and Realtors® Information Network, Inc. NAR’s relationship with MOVE and realtor.com® is based on a mutual respect for REALTORS® and their efforts to bring online home...
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...
After a brief pilot phase in two test markets (including Boulder, Colorado) with AgentMatch, Realtor.com® is pulling the plug, citing a faulty algorithm to “match” consumers with REALTORS®. A computer cannot find the best REALTOR® for someone, just like a computer cannot place an accurate value on a home. Read the whole statement from Realtor.com® President Errol Samuelson below: December 12, 2013 Letter from Realtor.com® President...