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Realtor association draws inspiration from Steve Jobs in wake of Zillow deal, says ‘data does not define us’ and time to ‘stand up for ourselves’

The U.S. real estate industry trembled earlier this week when Zillow announced its intentions to buy Trulia for $3.5 billion in stock. The deal, if approved, would create a colossus in the industry with more than 130 million monthly visitors and over 2,000 employees. For years, many real estate organizations have viewed Zillow with a… Read More

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Zillow to pay up to $150 million termination fee if blockbuster Trulia acquisition falls apart

Zillow’s whopping $3.5 billion bid for rival Trulia still faces regulatory scrutiny and shareholder approval, hurdles that Zillow CEO Spencer Rascoff said he does not believe will get in the way of the company’s biggest acquisition ever. Even so, if the deal falls apart, Zillow must pay a termination fee of $150 million to Trulia. Under… Read More

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Real estate dominance: 5 reasons why Zillow is paying a big premium to buy Trulia

Why did Zillow buy its longtime rival Trulia? Stock analysts, financial journalists and real estate professionals are chewing on that one today, pontificating on the blockbuster $3.5 billion all-stock deal. I’ve watched Zillow and Trulia aggressively compete since they were started nearly 10 years ago, engaging in messy patent fights and plenty of boastful talk. With those… Read More

Zillow for Pros

Zillow buying Trulia: An industry perspective

Zillow announced that it plans to buy Trulia today for $3.5 billion, positioning the combined company as the unquestioned leader in the online real estate space. What does this deal mean for the real estate industry? And, more specifically, what does it mean for the real estate brokerages and agents who are their paying customers like… Read More

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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

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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

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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

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Full Memo: Trulia lays off 85 employees from Market Leader division, President Ian Morris and other execs to depart

Trulia will be laying off approximately 85 employees from its Bellevue office in a move to consolidate its operations, following its $355 million acquisition of Market Leader last year. The vast majority of those employees laid off worked in general and administrative roles such as finance and human resources, and held roles that overlapped with… Read More

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Is online real estate still broken? New upstarts look to carve paths against established giants

Online real estate powerhouses like Redfin, Trulia and Zillow have been around for years, building multi-million dollar businesses in a category that Redfin CEO Glenn Kelman once famously described as the “most screwed up industry in America.” Well, based on the recent startup activity in the online real estate arena, things must still be mucked… Read More

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Study: Seattle is becoming less affordable for the middle class, still way cheaper than San Francisco

Trulia released the latest revision of its annual middle class housing study today, and it’s clear that Seattle is still a far more affordable place to live compared to other cities known for their tech communities like New York and San Francisco. According to Trulia’s data, 53 percent of the homes for sale in the Seattle metro area… Read More

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Surprise, you’ve got a Windows Phone app! Microsoft irks big brands in bid to stock mobile store

The new Redfin app for Microsoft’s Windows Phone promises to deliver the core features of the online real estate service, including the ability to search for homes to rent or buy, research neighborhoods, and find an agent. But unlike Redfin’s 4.5-star apps for iPhone and Android, this app gets a 2.5-star rating, and a string of negative… Read More