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May 12, 2008
Real Estate Lists Grow Comfortable With the Web
AS if home buyers do not have it good enough already, finding a house for sale on the Web is becoming easier.
The triple threat of a weak market, legal pressure and increasing competition has compelled real estate professionals to offer their information more freely online, putting cracks in a walled garden of data that stood strong while the industry enjoyed its breakaway growth. It also presages an end to the days when sellers must list their homes with a broker so buyers can see them.
The trend revolves around the nation’s roughly 900 multiple listing services, or M.L.S.’s, where local brokers post information about homes they are selling. In years past, these services were highly restrictive about where and how that information could be distributed — for instance, frequently not permitting Web sites to display M.L.S. listings alongside for-sale-by-owner homes, bank foreclosures or other properties not represented by real estate agents.
Now, these organizations are connecting more freely with sites like Zillow, Terabitz, ZipRealty, Redfin and others. And while these sites do not have all the M.L.S. data, they have enough to give users more of a one-stop site for real estate shopping than ever before.
Click here for the complete story.
Posted by Jeff Brooks on May 12, 2008 02:19 PM | Permalink
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