John Cook's Venture Blog
Print thisE-mail this
Redfin expands in Chicago, Estately in San Diego

The other night I caught a discussion on Larry King Live about the problems in the real estate market, including comments from real estate magnate Donald Trump, who basically said the housing market is in rough shape in many parts of the country.

Picture

"1,000,000 Foreclosures! Can you save your home?" noted the news crawler at the bottom of the program.

Some of the experts on the program, however, predicted that the real estate bust may be coming to an end.

Whichever way the market goes, two Seattle online real estate startups are pushing ahead with expansion plans. Redfin today is launching service in Chicago, the eighth market for the company and the first new market for the company this year. Meanwhile, Estately is moving into San Diego with its online real estate search service.

With the addition of the 4 million properties in Chicago and expanded search areas in Washington, California, Massachusetts, Washington, D.C., and other areas, Redfin now will have a total of about 16 million properties on the site. Estately will have about 120,000 properties for sale on its site.

In addition to the Chicago launch, Redfin says that it has incorporated Street View maps from Google so that homebuyers can see a 360-degree view of properties and neighborhoods. (San Francisco-based Trulia rolled out that same functionality earlier this year.)

Estately and Redfin have different business models, though bother offer real estate search. Estately makes money by referring home buyers to traditional real estate agents, while Redfin acts as a discount broker that refunds a portion of the commission to home buyers.

Posted by at June 26, 2008 3:00 a.m.
Categories: ,
Comments
#144445

Posted by unregistered user at 6/26/08 8:07 p.m.

huge yawn!

#144477

Posted by unregistered user at 6/26/08 9:39 p.m.

ya they have very nice real estate search and the current situations of www.hotgurgaon.com real estate is not good going.

#145404

Posted by unregistered user at 6/30/08 8:42 a.m.

I hope they keep rolling out the cities.
Next time I move across the country I may be able to use Redfin. That would be cool.

! Login below to post a comment.

Registered users, log in here
E-mail 
Password 
Remember me
 HELP! I forget my password

Unregistered users, sign up now

Or post anonymously (About this feature)

Your comment (No HTML allowed, use these special codes instead)
Violating our Terms of Service may result in your post being removed.

Special codes
  • [b]selected text[/b] -- Display the selected text in bold.
  • [i]selected text[/i] -- Display the selected text in italics.
  • [link]www.seattlepi.com[/link] -- Creates a link to the url between the link tags.
  • [link title="Seattle Post-Intelligencer"]www.seattlepi.com[/link] -- Creates a link to the url between the link tags, uses title as link text.
  • [mail]newmedia@seattlepi.com[/mail] -- Creates a link to an email address.
Enter the code shown:
What is this?

Older archives

RSS/Web feeds (help)
RSS 2.0RSS 1.0Atom
Headlines for your site