When I began writing this report, I did not think that a mere update on quarterly results would reach over 12,000 words and require so much work. After all, the annual report is the really important one, and the quarterly reports are mere milestones along the path. But with all of the changes going on … Read more
The 2012 results for the Big Three publicly traded real estate portals — Zillow, Trulia, and Realtor.com (Move, Inc.) have been filed, and their senior executives have endured the grilling by Wall Street analyst types. There have been volumes of words already written about them, by financial analysts, by finance bloggers, by real estate industry … Read more
I’ve gotten more than one request from readers to discuss the brutal analysis report on Zillow by Citron Research. I didn’t think I’d have much to add to a stock analyst’s report that tends to be heavy on financial metrics and such, but it turns out that the Citron Research report is indeed worth … Read more
First of all, congratulations to Pete Flint and the team at Trulia for their successful IPO. Trulia is now TRLA on the NYSE. The environment wasn’t necessarily looking friendly for a real estate related IPO, but Pete and crew navigated it. So a heartfelt congratulations to you all. Second, the thing that’s great … Read more
Back in November of 2010, I wrote about Move’s acquisition of ListHub and what it might mean for “Syndication Quality”. I thought then that the reason why Move acquired ListHub was strategic — to control the source of listing data, in order to impose on its main competitors the same restrictions that Move had … Read more
Back in November of 2010, I wrote about Move’s acquisition of ListHub and what it might mean for “Syndication Quality”. I thought then that the reason why Move acquired ListHub was strategic — to control the source of listing data, in order to impose on its main competitors the same restrictions that Move had … Read more
In Part One, we congratulated Ernie Graham and his team at SocialBios for getting acquired. I hope he picked out a nice Lamborghini Reventon in taxicab yellow. The second Curious Thing that came about just as Move was announcing its acquisition of SocialBios was the confluence of two seemingly unrelated things. Making sense out of … Read more
This is the first part of what I think will be a three-part examination of some rather curious things I’ve been seeing. First of all, I’m sure other sites will be announcing the news that MOVE has acquired the startup SocialBios. From the press release: Move, Inc. (Nasdaq: MOVE), the leader in online real estate, … Read more
Given that Zillow is much in the news of late, and a number of you have asked what I thought about all of the various thingamajigs in the air, I figured, rather than a series of posts on particular topics, I’d just knock them all out in one sitting. I don’t find most of the … Read more