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Zillow pays $3.5 billion for longtime rival Trulia

Zillow is paying $3.5 billion to acquire Trulia, a whopping deal that will bring together the two long-time rivals and create a powerhouse in the online real estate industry. The companies announced the deal — first reported by Bloomberg News last week and the biggest acquisition in Zillow’s 9-year history — this morning. “We obviously… Read More

Househappy CEO Kevin McCloskey.

Portland’s Househappy raises more cash for real estate listings portal

Portland-based real estate listings startup Househappy has raised $2 million of a $2.75 million round, according to a regulatory filing. The company, which launched last year and previously reeled in $1.5 million this past November, offers a simple photo-driven website that lists more than 2 million properties for sale. Real estate agents can post their listings on Househappy for free, while buyers… Read More

Selinger now serves as CEO of RichRelevance

Redfin settles stock dispute ‘peaceably’ with founder and former CTO, in run-up to possible IPO

A bitter stock dispute between Redfin and two of the company’s earliest employees has ended in a settlement agreement, terms of which are not being disclosed. Redfin co-founder Michael Dougherty and former CTO David Selinger alleged in a lawsuit in March that the fast growing company had moved to cancel their shares as it prepared for… Read More

Greg Schwartz

Zillow exec tries to assuage real estate agents’ fears over ‘Coming Soon’ listings: We ‘don’t want to be a MLS’

SAN FRANCISCO–Zillow has taken heat from real estate professionals in recent weeks over its new “Coming Soon” feature, with some claiming that its one way for the Seattle online real estate powerhouse to bypass multiple listing services. But Zillow Chief Revenue Officer Greg Schwartz — speaking today at the Real Estate Connect Conference — says… Read More

ziprealty

Realogy buying ZipRealty for $166 million, a valuation that could give Redfin pause

Realogy Holdings, which operates brands such as Coldwell Banker, Century 21, ERA and Sotheby’s International, is adding another one to its lineup. Madison, New Jersey-based Realogy today announced that it has entered into an agreement to buy publicly-traded ZipRealty for $6.75 per share in an all-cash deal valued at $166 million. “The acquisition of ZipRealty… Read More

An Inrix Drive Time Map from Remax's site

Inrix partners with Re/max to help homebuyers calculate driving commute times

Seattle-based traffic intelligence company Inrix has teamed up with Re/max to provide prospective homebuyers with information about how long it will take them to commute to work with Inrix’s Drive Time service. Today, more than 50,000 Re/max agent and brokerage websites will feature Drive Time metrics that allow buyers to show how long it will take to… Read More

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Trulia vs. Zillow: Who is growing faster?

Zillow currently has the broadest reach of any real estate website, but its competitor Trulia is starting to catch up. Today, the San Francisco-based home search company announced that it saw 54 million unique visitors to its websites and mobile properties in the month of June, up 55 percent from the same period a year ago…. Read More

zillowcomingsoon

Zillow’s “Coming Soon” feature is not setting the world on fire, despite making agents hot under the collar

As it turns out, Zillow’s “Coming Soon” listings may not be such a threat to the real estate status quo, despite an outcry from agents and Multiple Listing Services around the country. Tim Ellis, operator of the Seattle Bubble blog, searched Zillow for coming soon listings, and found that they haven’t really taken off. The service,… Read More

comingsoon-zillow

Why you won’t find Zillow’s new ‘Coming Soon’ feature in its hometown of Seattle

Zillow launched its new “coming soon” feature earlier this month to much fanfare, noting at the time that it would provide “unparalleled marketing exposure to the more than 81 million home shoppers who visit Zillow every month.” But there’s one place where home shoppers won’t be seeing the “Coming Soon” listings: Zillow’s hometown of Seattle…. Read More

A photo of Errol Samuelson.

Silicon Valley real estate group inks listing deal with Zillow

Zillow continues to ink alliances with real estate groups, even as questions arise over the growing power of the Seattle online real estate company. The latest deal involves MLSListings Inc. of Northern California, which has agreed to syndicate listings directly to Zillow. Obviously, Silicon Valley is an important market, given the early adopter tech crowd;… Read More

Facebook's Seattle office.

Facebook eyeing expansion in downtown Seattle

Facebook appears to have already outgrown its office space in Seattle. The social networking powerhouse, which just two years ago expanded into new offices at the Metropolitan Park towers in Seattle, is eyeing even more space. A real estate source tells GeekWire that the company is on the prowl for about 80,000 to 90,000 square… Read More

comingsoon-zillow

Real estate group slams Zillow over ‘Coming Soon’ feature; Company says it’s simply shining light on homes

Not everyone is thrilled with Zillow’s new “Coming Soon” feature, an offering that launched earlier this month that allows real estate agents to generate buzz for properties before they are officially listed on any multiple listing service. Doug Miller, executive director of Consumer Advocates in American Real Estate, took the feature to task in a… Read More

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Shares of Move Inc. jump on speculation of Trulia buyout

Trulia Inc. is still digesting Market Leader following last year’s $355 million acquisition of the Bellevue online real estate company. Now, could Trulia be on the prowl for an even bigger fish? According to a Benzinga report citing an unnamed source, San Francisco-based Trulia could be angling to buy Move Inc. for as much as… Read More

zillow

Holy, Toledo! Zillow is now worth more than $5 billion

Investors like what they see in Zillow, and they keep sending the shares higher. The Seattle online real estate company — founded by former Expedia execs Rich Barton and Lloyd Frink nearly 10 years ago — surpassed $5 billion in market value this week. That’s a whopping valuation, more than triple the value of rival… Read More

A sign outside of Amazon's HQ in Seattle. Photo via Matt Shobe.

Ever-expanding Amazon takes another half-million square feet in four Seattle buildings

Amazon is growing so fast in Seattle, it’s hard to keep up. The tech giant is preparing to move into more than 540,000 square feet of additional office space in three existing buildings north of downtown Seattle — in the Denny Triangle, Belltown and on Elliott Ave. W. — according to city permits and county property records. The Seattle Times reported… Read More