placester

Placester closes $5.5M round for yet another online real estate idea

Here’s another spin on bringing the real estate industry online that could enable any agent to compete directly with the likes of Zillow or Redfin. Boston-based Placester announced today it has raised $5.5 million in capital to create a publishing platform that offers consumer search, real estate inventory info and related ad products. The company’s founder, Matt Barba, who was a… Read More

Home Photo Redfin

Redfin continues big 2014 expansion push: Next up is Orlando, Tucson and Norfolk

Redfin is bolstering its national real estate presence, perhaps yet another sign that the Seattle online real estate company is prepping for an initial public offering. The company is expanding its efforts in Orlando, Florida; Norfolk-Hampton, Virginia; and Tucson, Arizona, according to new maps and data feeds posted on the company’s Web site. The company… Read More

rabois

VC Keith Rabois looks to upend real estate with Homerun, an ambitious (or crazy) idea to sell homes over the Internet in an instant

Get ready for yet another online real estate startup. This one is codenamed Homerun, and it promises to change the way people sell their homes online by making the transaction simple enough to complete in a few seconds. The most notable aspect of Homerun, at least at this early stage, is its high-profile founder: venture… Read More

leju

Zillow inks deal with Chinese real estate giant Leju

Zillow has entered into an exclusive agreement to power the U.S. home shopping experience for Leju, a Chinese subsidiary of E-House Inc. that’s in the process of spinning out through an initial public offering.  The profitable company, which posted revenue of $335 million last year, plans to trade on the New York Stock Exchange. Last… Read More

Selinger now serves as CEO of RichRelevance

Redfin’s first CTO explains lawsuit against the company, says he just wants to be treated fairly

David Selinger is a die-hard Redfin supporter. He’s purchased homes through the online real estate service, and speaks highly of Redfin boss Glenn Kelman whom he calls “an amazing CEO.” Selinger, who runs the data analytics startup RichRelevance, has even been known to exchange recruiting tips with Kelman, since both companies operate dual offices in… Read More

Matt

Porch strikes deal with Realtor.com to deliver home-improvement reports

Home-improvement data startup Porch is partnering with Realtor.com to launch a new product, the “Porch Home & Neighborhood Report,” that promises to give prospective homebuyers new insight into the history of specific homes and neighborhoods. The partnership with Realtor.com, announced this morning, expands the Porch business into real estate while creating a new connection between… Read More

auction

Online real estate marketplace Auction.com grabs $50M from Google Capital

Another day, another Internet startup with a billion dollar valuation. This time it’s Auction.com, an Irvine, Calif.-based online real estate marketplace that reportedly has raised $50 million from Google Capital at a $1.2 billion valuation. Auction.com claims to be the country’s leading online real estate marketplace with $26 billion worth of residential and commercial property… Read More

redfin-v-asset

Is this Realtor’s Web site a direct rip off of Redfin?

Take a look at the Web site of Asset Realty Group, and you might start to see some striking similarities to Redfin. Tim Ellis, a longtime real estate watcher who pens the popular Seattle Bubble blog, discovered those similarities recently and started asking some questions. The result? Ellis contends that the Asset Realty Group’s site… Read More

Video thumbnail for youtube video Get ready to hear more from Zillow: Online real estate powerhouse will spend $65M on advertising in 2014

Get ready to hear more from Zillow: Online real estate powerhouse to spend $65M on advertising in 2014

Zillow is doubling down on national advertising in an attempt to bolster its brand in the online real estate category. Zillow CEO Spencer Rascoff announced today in an earnings call with analysts that it intends to spend $65 million on advertising in 2014, up from $40 million last year. (The first year that Zillow experimented… Read More

Zillow traffic

Zillow posts record net income of $2.7M as Q4 sales rise 70%

Zillow just posted another blockbuster quarter, beating analysts estimates and charging ahead of its original forecasts. The Seattle online real estate company, which was founded in 2005 by former Expedia veterans Rich Barton and Lloyd Frink, posted record revenue of $58.3 million for the fourth quarter, up 70 percent over the same period in 2012…. Read More

Selina Tobaccowala

Evite co-founder, former Priceline.com CFO named to the board of Redfin

Redfin is bolstering its board of directors, a sign that the Seattle online real estate company may be positioning for an initial public offering. The company announced today that Robert J. Mylod, Jr., the former vice chairman and chief financial officer at Priceline.com, and Selina Tobaccowala, president and chief technology officer at SurveyMonkey, have joined the board. Tobaccowala… Read More

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Housing report: Tech hubs see prices and rents soar

Looking to buy a house on the cheap? You may want to stay away from the top tech hubs in the U.S. That’s the finding from a report released this week by Trulia, the online real estate company with operations in San Francisco and the Seattle area. After analyzing housing prices, Trulia found that prices… Read More

zillow-photo

Chart: Zillow nears 70 million monthly visitors

Zillow continues to fire on all cylinders, bolstered by an improving economy in which Americans are thinking more about buying and selling homes. The Seattle company announced today that its unique visitor count for the month of January hit 69.8 million — a huge uptick from 52.1 million visitors in the month prior. It was… Read More

seattle-sf-rents

Red hot rentals: Seattle’s South Lake Union now more expensive than some San Francisco neighborhoods

Rental rates are creeping up in Seattle’s South Lake Union neighborhood, surpassing prices in even some of the hottest neighborhoods in San Francisco. According to an analysis by online real estate company Trulia, the median rental price per bedroom in South Lake Union comes in at a whopping $2,248. That makes it the most expensive… Read More

themelis11

Meet ZipDigs: Yes, here comes another real estate startup

Seattle, for whatever reason, has emerged as the epicenter of all things online real estate. From Redfin to Imprev to Zillow, the region has spawned a number of innovative up-and-comers in the category. (See last weekend’s podcast for more on this topic: How tech is reshaping real estate, with Estately’s Galen Ward). Now, here comes… Read More