March 23, 2012
From Inman News:
- Corelogic reports monthly home price declines for six consecutive months with January 1% below December and 3.1% below January 2011. Their Chief Economist Mark Fleming said prices aren’t falling as hard as they did and are not far from the bottom.
- Last month, Pittsburgh-based Howard Hanna Real Estate Services announced separate agreements in which it will pay Realtor.com and Zillow more than $1 million to promote its listings on the sites — unaccompanied by ads or lead forms for competing brokerages. Howard Hanna — the nation’s fourth-largest broker — will provide listings directly to Zillow.com.
- Zip Realty continues to downsize. Fourth quarter 2011 revenue is down 31% from the previous year and they ended 2011 with 1701 agents, half as many as at year end 2010. They have closed offices in 12 markets and eliminated buyer rebates.
- The new iPad screen will impact real estate. “Hi definition streaming is going to be a reality for most consumers in the field in very short order. Walking up to an open house or for sale sign and instantly watching a video introduction, or video chatting with your agent on the iPad’s retina screen is going to be transformative.”