Zillow Announces Trulia Acquisition

Two of America's third party real estate portals have entered into a definitive agreement for Zillow (Z) to purchase Trulia (TRLA) for $3.5 billion in stock-for-stock trade. The Board of Directors of both companies have agreed to the transaction which represents a 25 percent premium to Trulia Stockholders, based on Trulia's closing price on Friday, July 25, 2014. The transaction will now face regulatory approval. Goldman, Sachs & Co. brokered the transaction. Trulia CEO Pete Flint will retain that title, join the Zillow Board of Directors along with one other designee, and will remain the leader of the Trulia.com business unit. He will report [...]

By |2018-05-03T21:24:02-07:00July 28th, 2014|Main category, MLS Insights, Press Releases|Comments Off on Zillow Announces Trulia Acquisition
Read More

Broker Owned Portal

I have had a lot of interesting conversations with Associations of REALTORS, Broker groups, MLSs and REALTORS about portals. The same conversation has gone on for years. Used properly, they can be productive tools for online marketing. Used poorly, they can be a problem. A chief concern among brokers is that they do not participate in the revenue from the success that portals have. Simply stated, brokers understand that content has value and they recognize that others are realizing that value on the backs of their data assets. Feel free to agree or disagree. Real estate brokers around the world [...]

By |2018-05-03T21:24:04-07:00June 24th, 2014|Broker-Agent Information, Main category, MLS Insights, Press Releases|Comments Off on Broker Owned Portal
Read More

Move, Inc. Combats Attack on its Website Services To Restore Operations to Customers and Consumers

SAN JOSE, Calif., June 19, 2014 /PRNewswire/ -- Move, Inc., (NASDAQ:MOVE), a leading provider of online real estate services, reports that it is continuing to combat the distributed denial of service (DDoS) attack, which has interrupted its websites' operations since it began mid-day June 17. Move's technical team is working around-the-clock with the Prolexic division of Akamai Technologies, Inc., a leading DDoS mitigation service provider; other Internet security experts; and its network service providers to mitigate the attack and quickly restore operations. In connection with the attack, Move received a ransom demand, which it did not respond to. DDoS attacks [...]

By |2018-05-03T21:24:05-07:00June 20th, 2014|Main category, MLS Insights, Press Releases|Comments Off on Move, Inc. Combats Attack on its Website Services To Restore Operations to Customers and Consumers
Read More

The Triad of Consumers, People, and REALTORS

There were a few very interesting articles in the Washington Post this week. Unlike industry commentary about the Zestimate, this one took place in public. The Washington Post stirred the pot a bit, as only the politically divided would do so naturally. The battle was epic. At 5:30 AM, David Howell of McNearney Associates published a piece titled “How Accurate is Zillow’s Zestimate? Not very, says one Washington-area agent. http://www.washingtonpost.com/blogs/where-we-live/wp/2014/06/10/how-accurate-is-zillows-zestimate-not-very-says-one-washington-area-agent/ At 5:31, Stan Humphries, Zillow Chief Economist responded in his article titles “How Accurate is the Zestimate? Zillow says the tool is helpful when used the right way.” http://www.washingtonpost.com/blogs/where-we-live/wp/2014/06/10/how-accurate-is-the-zestimate-zillow-says-the-tool-is-helpful-when-used-the-right-way/ You [...]

By |2018-05-03T21:24:10-07:00June 12th, 2014|MLS Insights, Press Releases|2 Comments
Read More

Inman Real Estate Connect SF

WAV Group and RE Technology is looking forward to attending Inman Real Estate Connect in San Francisco next month – July 16th – 18th.  The annual industry gathering in one of America’s great cities to discuss issues is among our favorites. Unlike a lot of industry conferences, Real Estate Connect addresses topics in an “in your face style” which is unique. I remember Billionaire Barry Diller sitting on stage getting booed by the audience when he said,  (my paraphrase) “At LendingTree, we take your listing data, generate consumer leads, we sell them mortgages, and we sell you the real estate [...]

By |2018-05-03T21:24:10-07:00June 5th, 2014|Broker Technology Research, Main category, Marketing, Our Services, Press Releases|Comments Off on Inman Real Estate Connect SF
Read More

California MLS Data Sharing Update

California Regional MLS and MLS Listings have reached an agreement to share MLS listing data. This is an important signal of MLS strategy in California for a number of reasons. These MLSs are planning to share data by sending data to each other for display in each other’s system and use by each other’s subscribers without the need to belong to both MLSs. Previously, CRMLS only pursued data sharing through CARETS™, a hub and spoke data share product developed by MRIS. Through this new sharing agreement with MLS Listings, CRMLS now has adopted three initiatives to create a statewide MLS [...]

By |2018-05-03T21:24:12-07:00May 9th, 2014|Main category, Press Releases|1 Comment
Read More

RED Real Estate Digital and Cerulean Acquired by Nationstar

Real Estate Digital Acquisition In May, Solutionstar entered into a definitive agreement to acquire substantially all of the assets of Real Estate Digital and its affiliate for $18 million in cash. RED, based in Aliso Viejo, California with 120 employees, is a fee-based real estate services company that provides online marketing, data, transaction management and digital media solutions. The acquisition price represents a 0.7x multiple on RED's estimated full year 2014 revenue. The acquisition is expected to close in the second quarter of 2014 at which time Solutionstar will assume RED's management team and employees. In online marketing, RED has [...]

By |2018-05-03T21:24:12-07:00May 8th, 2014|Press Releases|Comments Off on RED Real Estate Digital and Cerulean Acquired by Nationstar
Read More

Gurtej Sodhi Appointed Chief Strategy Officer of Crye Leike Group of Companies

Longtime chief information officer, Gurtej Sodhi has been appointed to the senior business leadership of the Crye Leike Group of Companies. His new title strings together Chief Information and Strategy Officer, and Corporate Executive Vice President. This new position at one of America’s leading brokers signals a new strategic direction for large firms. Sodhi’s responsibilities will reach over all of the Crye Leike companies including residential real estate, commercial real estate, mortgage, title, insurance and various other business units. “Information management is changing quickly in real estate and large firms with diverse business units require top level oversight to integrate [...]

By |2018-05-03T21:24:13-07:00May 6th, 2014|Main category, Press Releases|1 Comment
Read More

Transaction Management Update

WAV Group performed Transaction Management research in 2005 and in 2009. The goal of the research was to survey trends in Transaction Management adoption. On Wednesday of this week, RE Technology will be hosting a candid conversation with DocuSign’s lead Transaction Management Vice President, Glenn Shimkus. There will be a 30 minute discussion of today’s Transaction Management challenges and a 15 minute overview of their new enterprise solution (They have had an agent solution for some time now). Here is the webinar information – please join us! Brokers: Accelerate Your Business with DocuSign for Real Estate RE Technology invites you [...]

By |2018-05-03T21:24:14-07:00March 24th, 2014|Broker-Agent Information, Main category, Press Releases, Technology Evaluation|2 Comments
Read More

Swanepoel Trends Report Book Review

If you buy one book this year, make it the Swanepoel Trends Report. It is excellent. Swanepoel took a different approach to his annual report this year and its brilliant. Swanepoel outlines 10 topics and invites industry leaders to write a page or two about their impression. At the end of the chapter, he wraps it all up into a summary. Gary Keller on Change and Innovation states that there ”is a battle over who will provide the public with their listing data….brokerages are beginning to realize that if they don’t step up and become the solution they will at [...]

By |2018-05-03T21:24:17-07:00February 4th, 2014|Main category, Press Releases|2 Comments
Read More

What Does the State of the Union Address Mean for Small Businesses?

As some of you may know I was recently appointed as a Trustee to the National Small Business Administration. One of the reasons I am thrilled to serve with this group is their stated non-partisan approach to evaluating and influencing policy. If any of you have suggestions about ways you believe the Federal Government can better serve the needs of your small business please pass them my way.  I would love to represent your ideas to the NSBA. As part of my appointment, I now have the privilege of receiving regular communications helping me and thousands of other small business [...]

By |2018-05-03T21:24:17-07:00January 30th, 2014|Main category, Press Releases|1 Comment
Read More

Cartavi Adds Gusto to Version 3.3

Since being acquired by DocuSign, Cartavi has been working away at developing the golden triangle of the real estate document management echo system: Forms, Signature, and Storage. Better yet, they focus on making it happen on mobile first. Before this new release, signing a document was kind of clunky. You had to open your document in DocuSign, add signatures, sign it, then pull the completed document back into Cartavi. Now, you can sign any document right inside of Cartavi using DocuSign Ink. New Integrations They took a complicated workflow and narrowed it down. When you look at a document today [...]

By |2018-05-03T21:24:18-07:00January 20th, 2014|Broker Technology Research, Broker-Agent Information, Main category, Press Releases, Technology Evaluation|Comments Off on Cartavi Adds Gusto to Version 3.3
Read More
WAV Group | Copyright © 2024 All Rights Reserved.