Monday, August 19, 2013

Zillow Buys NYC-based StreetEasy

The news made the homepage of the New York Times and just about every real estate publication in the country. Even our own Jonathan Miller was interviewed by real estate blog The Real Deal about this shockwave. It seems StreetEasy is going BIG by becoming part of Zillow's growing consortium and Zillow is finally going to have a strong entry point into the New York market (which has been a struggle for the real estate site). As Jonathan Miller explained:
“Basically one of the things about national aggregators and MLS systems is they’ve been particularly weak in presenting data for what I call vertical housing market. I see this as a template, starting with the biggest vertical market in the country, and being able to apply this to other donwntowns with a heavy concentration of condos, co-ops and rentals.”
Go here to read the full Real Deal article.

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