Chart: Zillow tops 63 million visitors in August

Zillow’s stock has been soaring lately. And so is the company’s traffic. The online real estate powerhouse announced today that it attracted 63.6 million unique visitors during the month of August — a healthy 75 percent growth rate. Zillow had 36 million visitors for the same month last year. Zillow is investing tens of millions… Read More


Australian billionaire buys 9.4% of Zillow, shares top $100

Wow, shares of Zillow, on a rocket ship ride since the beginning of the year, are soaring again today after news that Australian billionaire James Packer bought 9.4 percent of the company. Bloomberg notes that the stock purchase makes Packer the second biggest holder of the Seattle online real estate company behind Caledonia Private Investments… Read More


Trulia completes $355M Market Leader deal, but what’s next in ongoing battle with Zillow?

The heated rivalry between online real estate powerhouses Trulia and Zillow is taking on added importance this week as both companies generated news on the acquisition front. As was to be expected, Trulia closed on its $355 million acquisition of Kirkland-based Market Leader, giving the company a beachhead in Zillow’s own backyard. Meanwhile, Zillow, which… Read More


Zillow prices public offering at $82, raises $205 million

Zillow has a lot more cash in its bank account as of this afternoon. The Seattle online real estate company announced today that it sold 5,023,486 shares in a public offering. As part of the deal, Zillow sold 2.5 million shares at $82 per share, bringing in roughly $205 million. Meanwhile, certain shareholders — including… Read More


Following in Zillow’s footsteps, Homes.com unveils national ad campaign

Zillow is spending tens of millions of dollars this year on a national ad campaign, part of a plan by the Seattle online real estate company to “create a massive, enduring brand.” Now, one of Zillow’s rivals is following in its footsteps. Homes.com today announced its first-ever national advertising campaign, dubbed “Inspiring Home Moments.” The 30-second spot will air… Read More


Bill Gates on Google’s Internet balloons; Contour hits the wall; and other comments of the week

The best comments, quotes, and random zingers we heard this week… “The Internet is transforming almost every element of the news business: shortening news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs. There is no map, and charting a path ahead will not… Read More

Glenn Kelman

Redfin suspends Price Whisperer service in Seattle after one week, apologizes for violating MLS rules

Redfin has bumped into those pesky rules and regulations again. The Seattle online real estate brokerage, which is known for pushing the envelope with new products and services, has removed its week-old Price Whisperer service in Seattle after overstepping rules from the Northwest Multiple Listing Service. It continues to offer the service in California, Oregon,… Read More


National Association of Realtors slams Obama housing chat as eyeball-grabbing PR stunt, dubs Zillow an ‘entertainment website’

Earlier today, we told you about President Barack Obama’s chat with Zillow CEO Spencer Rascoff, a discussion which was anchored by video questions from average Americans about the U.S. housing market. It was a light-hearted 25-minute discussion, used in part to elevate the president’s agenda on housing. It certainly was not a deep dive into… Read More


Zillow revenues increase 69% in Q2 as visitors top 60M for July: Losses hit $10M on acquisition, marketing costs

The red-hot U.S. housing market is helping Zillow, which posted strong revenue and traffic gains during the second quarter. The Seattle online real estate company posted revenue of $46.9 million for the quarter, a 69 percent increase over the same period last year. But the growth, is coming with a cost, namely in losses, which… Read More


Shares of Market Leader jump after Q2 revenue spurt

Last week, we heard about the financial results of Trulia. On Tuesday afternoon, we’ll get a better sense of how Zillow performs. Today, we’re getting a good look at Kirkland-based Market Leader, the maker of marketing tools for real estate agents that is in the process of being purchased by Trulia for $355 million. Shares… Read More


President Obama to answer real estate questions alongside Zillow CEO this Wednesday, stock soars

Get your real estate questions ready. President Barack Obama wants to hear from you, and he’s turning to Zillow to connect with home buyers, sellers and renters. In a first-of-its-kind move, President Obama plans to sit down with Zillow CEO Spencer Rascoff and talk real estate, fielding questions online from Americans about all their concerns… Read More

Truia CEO Pete Flint

Shares of Trulia soar after Q2 revenues rise 77 percent to $29.7 million

Trulia, the San Francisco-based online real estate company that competes directly with Zillow, is seeing its shares rise more than eight percent in after-hours trading following a strong second quarter earnings announcement. Trulia, which agreed to gobble up Kirkland-based Market Leader for $355 million in May, said that revenues rose 77 percent to a record… Read More


Seattle Times sells old HQ near Amazon campus, plans to use cash for digital transition

Seattle’s South Lake Union neighborhood is undergoing a radical transformation, driven largely by the arrival of technology companies such as Amazon.com. But now one of Seattle’s oldest businesses is cashing in on the redevelopment, hoping to use the new proceeds to re-invent its business for the digital era. The Seattle Times announced today that it… Read More


NBCNews.com confirms office move from Redmond to downtown Seattle

NBCNews.com confirmed today that it is moving its operations from Microsoft’s Redmond campus to Seattle’s tallest skyscraper, Columbia Center. It plans to take over floor 26 in the building later this year, about 23,000 square feet of space. “We’re thrilled to be moving into our own home at the Columbia Center,” said Vivian Schiller, Chief… Read More