Algorithmic home buying companies (or iBuyers) have now started to expand into Los Angeles. If you recall, most of these companies started in smaller markets where the homes are more homogenous, relatively inexpensive, and generally less liquid. Places like Phoenix. By tackling the second largest… Read More
There’s a lot of money at work right now trying to reinvent the way that homes are bought and sold. Perhaps the most popular trend is “instant buying” or algorithmic home buying. I have been writing about this for years, mostly because of Opendoor. But… Read More
Today it was announced that Zillow.com will be buying Trulia.com for $3.5 billion in a stock-for-stock transaction. Based on share of web visits, the biggest real estate website in the US has just acquired the 2nd biggest. Both companies make the bulk of their money… Read More
Unlike travel agents, real estate brokers are still prevalent. Website Redfin’s attempts to grab market share show just how stubborn they can be
Why Redfin, Zillow, and Trulia Haven’t Killed Off Real Estate Brokers
Unlike travel agents, real estate brokers are still prevalent. Website Redfin’s attempts to grab market share show just how stubborn they can be
Why Redfin, Zillow, and Trulia Haven’t Killed Off Real Estate Brokers
“Real estate, by far, is the most screwed up industry in America,” he told CBS News’s 60 Minutes in 2007. “We feel like things that Amazon or EBay (EBAY) or Yahoo! (YHOO) have done in other industries, we can do for the real estate industry.” Kelman [CEO of Redfin] now regards that statement… Read More
