A Finnish company called Igglo has launched a site like Redfin’s, except that it allows home buyers to make bids on unlisted properties. You browse a map to identify a property in which you’re interested, then make a bid. Home-owners who visit Igglo can then see what people think their house is worth, and even… Read More
John Cook blogged earlier today on the beginnings of a Web 2.0 backlash, in which some venture capitalists grumbled that Web 2.0 is a sham. We saw the same phenomenon in the 1990′s, in which every dumb idea in software was redeemed by its use of Java. In 1996, Kleiner Perkins started a $100 million… Read More
In its discussion of Redfin’s MapStats technology, the New York Times‘ real estate blog notes that the pace of technology innovation has become “ferocious.” Of course, we agree. But such innovations aren’t always glamorous. For example, one insightful reader this evening asked that we incorporate information about sewer work permits on our map, which is… Read More
Big Redfin news is headed your way! Redfin’s launching MapStats today, which lets you see neighborhood statistics like median price and dollars-per-square foot change in real-time as you move around the map. View Image To turn it on, check the Statistics box below the map. Then start playing around: move 500 yards towards Madison Park’s… Read More
Dustin Luther writes an excellent article on why real estate is a long-tail market, arguing that no single agent can have dominant market-share given the variety of inventory. Three thoughts: In real estate, it’s all tail: the long tail was originally developed to distinguish best-sellers sold in volume at Wal-Mart from indy titles on Amazon…. Read More