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CoStarHouses.comNewsREALTORZillow

CoStar Group Acquires Houses.com Domain Name13925

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Screen Grab from Inman Connect Tuesday, 26 January 2021


@Deano
@denlee

CoStar Group Founder and CEO Andy Florance compares/contrasts Zillow.com versus Houses.com plans.

Super-interesting how DIFFERENT Houses.com will be compared to Zillow.com (Houses.com will obsess on being in support of real estate agents. And, not be misleading about the Contact Us (thinking that you are contacting the listing agent; among other things.)

I will post more on this later.

Dan
Post 26 IP   flag post
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@Deano
@denlee

Andy describes Zillow's "uberization" of real estate agents.

Dan
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Inman Founder Brad Inman and CoStar CEO Andy Florance | Screen Grab courtesy of Inman

Inman (26 January 2021) CoStar CEO: 'The residential agent is Zillow’s competitor' -
CoStar CEO Andy Florance revealed in great detail his ambitious plans to build a residential real estate platform during an Inman Connect session Tuesday

'“If one company controls all the rides — or the buyers — then they determine the price and the fee and the role of the agent,' [CoStar CEO Andy] Florance said, before noting that Uber drivers only make about $24,000 a year," says Inman. "Florance pointed specifically to one of Zillow CEO and co-founder Rich Barton’s past companies, Expedia, which all but rendered the travel agent obsolete."

I encourage you to read the entire Inman story.

Dan

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denlee private msg quote post Address this user
Brad Inman (Inman FAKE news) is a total fraud and a phony. Most of his income comes from BIG TECH Zillow.
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denlee private msg quote post Address this user
Someone needs to ask Brad Inman (i.e. beneficial interest) how much stock and options he has in Zillow!
Post 30 IP   flag post


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Quote:
Originally Posted by @denlee
Brad Inman (Inman FAKE news) is a total fraud and a phony. Most of his income comes from BIG TECH Zillow.


Quote:
Originally Posted by @denlee
Someone needs to ask Brad Inman (i.e. beneficial interest) how much stock and options he has in Zillow!


@denlee

Inman (5 February 2021) Is Zillow the Robinhood of real estate? - Zillow and other innovative companies are attempting to make the trading of homes simple and easy. Somewhat like Robinhood, they are doing so with fewer intermediaries

Dan

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Post 31 IP   flag post
WGAN
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Atlanta, Georgia
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@Deano
@denlee

✓ Inman (Wednesday, 10 February 2021) Is CoStar a Zillow competitor? Of course it is

Dan

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Post 32 IP   flag post
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Hi All,

WGAN Forum Discussion:

CoStar Group to Acquire Residential Listing Site Homes.com

Dan
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denlee private msg quote post Address this user
Another piece of the puzzle falls into place! CoStar has an extraordinary opportunity to ultimately displace the Zillow Group (Zillow.com & Trulia.com) as the #1 real estate consumer website(s).

The Zillow Group's boneheaded decision to become a brokerage in all 50 states and compete directly against the thousands of Realtors who have collectively been giving them well over a billion dollars a year for the last several years will ultimately bring about their demise.

Every other revenue stream that Zillow has attempted loses money. For example, their house flipping disaster loses an average of more than $30K per transaction. Conversely, CoStar through its flagship commercial website Loopnet charges a reasonable monthly fee ($150) to have a premium listing with them but does not compete with commercial brokers in any way, and all leads go to the listing broker.

Some of you will remember that for the first ten years of the internet realtor.com was the #1 consumer website.

Zillow has now occupied that position for the last fifteen years but their assumption that it is a simple transition to morph from being an internet real estate portal to a fifty-state real estate brokerage demonstrates their naivete.
Post 34 IP   flag post
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Yahoo! Finance (13 October 2021) NYC Real Estate Agents Take on Zillow With Their Own Website
Post 35 IP   flag post
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Inman (13 October 2021) CoStar takes aim at Zillow in NYC with launch of Citysnap portal

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