Realtor.com out to grab Zillow's top spot
Los Angeles
CAN Rupert Murdoch take an online fixer-upper and turn it into a digital real estate profit spinner? We're about to find out.
Mr Murdoch's News Corp plunked down US$864 million in cash and assumed US$88 million in costs in November to acquire Realtor.com's parent company, Move Inc, setting up a testy head-to-head rivalry with the unmatched king of online home sales information, Zillow Group. Zillow has bounded to the top in part because of a feature that includes price estimates for almost every house in America.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Blackstone, Starwood split on commercial property market risks
No bids for Pine Grove’s mega en bloc sale at S$1.95 billion price
Rents set to be last domino to fall in global inflation battle
US rents climbed 1.5 times faster than wages in last four years
Australian budget to target housing woes with more construction workers
UK construction growth hits 14-month high in April, PMI survey shows