Zillow Buys New York
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Zillow has announced they are paying $50M in cash for StreetEasy. StreetEasy is the #1 site in New York, the US real estate market pretty much everyone has known has been Zillow’s major weakness since it launched in 2006.
Back in late 2006 while at Zillow, I spent several months “figuring out” the NYC market in terms of how the property records industry worked (ACRIS), analyzing competitors (StreetEasy, PropertyShark, etc), and making recommendations on steps we could take to improve our product in NYC. We tackled a few of those projects, but there’s a lot to be said for being hyper focused on one market — the way StreetEasy has been.
And now, NYC’s #1 site is under the Zillow umbrella.
Congrats to Spencer and team for a great strategic acquisition.
Sam DeBord, SeattleHome.com
Posted at 12:08h, 20 AugustNYC is every real estate website’s weakness, except for EasyStreet. That was a great buy. Zillow stock took a hit, but who wouldn’t love to have a foothold in that market? It’s so disjointed in NYC but the values are sky high.
mauirealestatesearch
Posted at 12:42h, 01 SeptemberSigh. So now NYC will be subject to the inaccuracies and outdated ‘data’ from Z. Another great stride for the consumer.
A Few Friday Links - Realtor.com, Zillow, NYC...and Weather - GeekEstate Blog
Posted at 14:37h, 13 December[…] is hot. You know Zillow purchased StreetEasy & Buyfolio. In more recent developments, Century21 just announced they are entering the […]