The real estate market is still hot… online. Trulia, a popular real estate search site, has raised a $15 million fourth round led by Deep Fork Capital LLC, along with past backers Sequoia Capital, Accel Partners and Fayez Sarofim & Co. The company has now raised a total of $33 million. The company, which claims to be the biggest online real estate company, recently rolled out its own ad network (naturally), centered around real estate — evidently that bubble hasn’t burst yet. Actually the company argues that the housing crisis helps, as it’s changed the way people search for homes (so they say). In addition to listings search, it offers community tools and info on regional trends and neighborhoods. The company’s most well-known competitor is heavily backed Zillow.com. Release.
No Crash Here… Real Estate Site Trulia Raises $15 Million Fourth Round
Summary:
The real estate market is still hot… online. Trulia, a popular real estate search site, has raised a $15 million fourth round led by Deep…
How is their angle different than Zillow? If someone knows, please email me.
http://www.walkersresearch.com/executiveemaillists.asp
Real estate agents continue to foolishly provide companies like Trulia and Zillow the tools to survive – their listings. These companies DO NOT have the interest of agents at the forefront. They compete on line with Realtor websites and charge these same Realtors for advertising. Advertising their own product – which they supplied for free. How does this make sense? Only in the real estate industry!
Its funny how all the Realtors are actually helping Trulia reach high levels on the serps by adding all those widgets.
I still do not believe that this company survives in the mid to long term. There just isn't enough different about them to make me want to use the site.
Brett Shaw from Cyberhomes:
I can see how the downturn in the real estate market is boosting the support for online real estate websites. I don' agree that these companies will not survive. All this is doing is creating a more intelligent buyer/seller pool, and that trend will not ebb. If you're looking for a web site that has everything you'll need (listings, home evaluations with the ability to correct or change information, community info, economic statistics) check out recently re-launched Cyberhomes.com We are owned by Fidelity National Financial and therefore have a ton of information available to pass on to the public. It's worth checking out!
this is really a god news fro the real estate investor…