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So far THE WAV GROUP has created 603 blog entries.

Professional real estate websites are losing the battle for consumers online.

Professional real estate websites are losing the battle for consumers online. Todays real estate consumer has a dizzying array of websites that provide them with access to real estate listings.  There are numerous third party websites like Zillow and Trulia as well as national real estate Franchise sites and local real estate company websites.  Consumers likely assume that all of these sites offer the same quality of information. Unfortunately this isnt the case. This white paper from the WAV Group chronicles research findings on the consumer search experience.  WAV Group has calculated the differences between third party websites, franchise websites, and broker websites [...]

By |2018-05-03T21:26:02-07:00September 20th, 2010|Broker Technology Research, Broker-Agent Information, Main category, Virtual Office Website Series|Comments Off on Professional real estate websites are losing the battle for consumers online.
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NAR and MOVE sign new operating Agreement that makes Realtor.com a syndicator

In a press release published today, the National Association of REALTORS and MOVE, INC (operators of REALTOR.com) announced that they have completed the renewal of the agreement between these two parties to continue their relationship. In an unexpected twist, realtor.com may now act as a syndication resource to agents and brokers who which to have their listings appear on other third party websites like Zillow, Trulia, MSN, Yahoo, Google and a long list of other third party websites. This is great news for agents and brokers who are challenged to keep their listing content current and accurate at third party [...]

By |2018-05-03T21:26:02-07:00September 16th, 2010|Main category|Comments Off on NAR and MOVE sign new operating Agreement that makes Realtor.com a syndicator
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Listing Syndication leads going to other agents

As a follow up to my post yesterday, Trulia posted a new listing a few hours after Zillow. In truth, I suspect that if you look at the speed that listings get updated at Zillow and Trulia, there are likely to be times when Trulia updates listings faster than Zillow - but there is always a lag between Updates in the MLS and updates to listing syndication feeds to third party websites. What is most concering to me is the way in which other agents are promoted above the listing agent as a contact point for information on the listing. If [...]

By |2018-05-03T21:26:02-07:00September 16th, 2010|Main category|Comments Off on Listing Syndication leads going to other agents
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Zillow updates faster than Trulia but leaves listing agent behind.

Since the introduction of Virtual Office Websites, I have picked up the habit of scheduling listing alerts. My interest is not only in keeping up with listings of comparable homes that would influence my homes’ value, but also to see how data moves to third party listing websites. Today’s new listing is 755 Via Laguna Vista, San Luis Obispo CA 93405 Copy and paste it into Zillow and Trulia and see what you get. Right now, you will see that the listing is not for sale on Trulia, but they have built a lovely landing page with deep information. Zillow [...]

By |2018-05-03T21:26:02-07:00September 15th, 2010|Broker-Agent Information, Main category|Comments Off on Zillow updates faster than Trulia but leaves listing agent behind.
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Trouble for Zillow

Our old friend LendingTree stopped showing up to conferences after agents and brokers clarified that they did not enjoy paying referral fees on their listing content. Now LendingTree has gone on the offensive to block Zillow from continuing their progress on building out their mortgage product. From CNBC.com   LendingTree has sued Zillow and three other rivals, accusing them of infringing two patents for methods to help people obtain mortgage loans over the Internet.   Adchemy, NexTag and QuinStreet were also named as defendants in the lawsuit filed Wednesday in the federal court in Charlotte, North Carolina. LendingTree, a unit of Tree.com, accused its rivals [...]

By |2018-05-03T21:26:02-07:00September 9th, 2010|Main category|Comments Off on Trouble for Zillow
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The Starfish and the Spider

I just read a great book that I would suggest others read called The Starfish and The Spider, The unstoppable power of leaderless organizations by Ori Brafman and Rod Beckstrom (available everywhere including the ipad). The book starts out by providing a chronicle of how science thinks the brain works. We have learned over the years that memories are not stored in one spot, but all over the brain - much like information indexed by Google is located all over the internet. As much as scientists wanted to hind heirarchy in the brain, it was not there - which makes [...]

By |2018-05-03T21:26:03-07:00September 9th, 2010|Main category|Comments Off on The Starfish and the Spider
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Learn from Mike Wise’s Mistakes – Think before you Twitter

We can learn from Mike Wise’s mistake As we engage in Twitter, Facebook, Linkedin and blogging, we have all become journalists.  Most of us have never been trained in the “rules” of journalism. We haven’t been trained on the code of ethics for journalism. When we get in to Twitter, it sometimes feel like we’re all by ourselves and nobody really ties our posts back to our “real” lives. NOT TRUE - just ask Mike Wise, sports reports from the Washington Post.  He created afalse post about an athlete in his Twitter Account as an “experiment".  He deliberately posted a [...]

By |2018-05-03T21:26:03-07:00September 7th, 2010|Main category|Comments Off on Learn from Mike Wise’s Mistakes – Think before you Twitter
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Discover MLS Takes MLS System Designed for CAR/CALREDD Product National

Bret Wiener, one of the former founders of Concentric MLS, announced today in the following press release that the software originally built for the CAR/CALREDD initiative is now being offered on a national basis through his new company, Discover MLS.  Discover MLS has already made a significant impact on the MLS industry with its introduction of a Web 2.0 solution, designed on Adobe Flash®.  Other major vendors obviously took notice as they are in the process of developing new MLS versions that allow them to offer similar features such as the multi-tasking session features offered by Discover MLS. Read full Press [...]

By |2018-05-03T21:26:03-07:00September 1st, 2010|Main category, MLS Insights|Comments Off on Discover MLS Takes MLS System Designed for CAR/CALREDD Product National
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Roost exits the third party portal business

Roost is officially dropping their web portal business, and its a shame. There were only three companies who offered a national portal for property search that used IDX listings as its foundation: REALTOR.com, cyberhomes.com, and Roost.com. As you may know, Cyberhomes transferred many of their company assets to RPR last year and announced that they were exiting the portal business. They announced the sale of the domain name to Lisitngbook this year. Guess the last one standing is REALTOR.com. Here is the roost announcement   We are reaching out to inform you of some changes that will take place at [...]

By |2018-05-03T21:26:03-07:00August 31st, 2010|Main category|Comments Off on Roost exits the third party portal business
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Point2 Technologies National Real Estate Confidence Index (RECI) Survey says confidence is still low

NEWS RELEASE U.S. Broker and Agent Forward Looking Confidence Hits New Low in August According to Point2 Technologies National Real Estate Confidence Index (RECI) Survey 7.23% drop in sentiment pushes Index below the median level for first time Indicates possible further homes sales downside ahead Saskatoon, SK and Vancouver, BC August 25, 2010 Real estate professionals surveyed for Point2 Technologies ("Point2″) monthly national Real Estate Confidence Index ("RECI") continued to exhibit concern over the future of the market, in August, and sent the Index below the median of 5.0 on the RECI scale of 1 10 (1 being “Bad” and [...]

By |2018-05-03T21:26:03-07:00August 25th, 2010|Main category|Comments Off on Point2 Technologies National Real Estate Confidence Index (RECI) Survey says confidence is still low
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Top 10 REALTOR® Associations and Total REALTORS® by State

NAR just released its July 31, 2010 National Association of REALTORS® Monthly Membership Report. Below are some interesting findings: NAR reports that the total number of REALTORS® in America at the end of July, 2009 was 1,112,645. At the end of July 2010, NAR reported the number of REALTORS® in America was down 3.85%, making the current total 1,088,703. In this same national report, it is not surprising given the economy that every state’s total number of REALTORS® has dropped several percentage points. Currently, the top 10 states with the highest number of REALTORS® include: 1.) California- a. Last July [...]

By |2010-08-25T17:59:10-07:00August 25th, 2010|Main category, MLS Insights|2 Comments
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CoreLogic launches anti-fraud product

Wednesday, August 25th, 2010, 4:58 pm   US housing data aggregator CoreLogic is now offering a short sale fraud detection tool that monitors the property even after the sale is completed. Nearly two weeks ago, CoreLogic announced that short sales has cost lenders nearly 300 Million in 2010. “Today lenders, to a higher point than ever before, are dealing with foreclosure and dealing with borrowers,” said VP of Fraud Solutions at CoreLogic, Frank McKenna, “and with an estimated 400,000 short sales to be negotiated with real estate agents, there needed to be a way to make sure all offers on a property [...]

By |2018-05-03T21:26:03-07:00August 25th, 2010|Main category|Comments Off on CoreLogic launches anti-fraud product
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