“Real estate site Zillow.com filed for a $51.75 million initial public offering Monday. The Seattle-based company didn’t say in its Form S-1 filing how many shares it planned to sell, nor how it would price each share. However, it did say that Technology Crossover Ventures and PAR Investment Partners agreed to buy a total of $5.5 million of common stock directly from Zillow.”
Overall home sales may still be down since the boom, but the real estate tech industry is looking good. Trulia, Zillow, Estately and Redfin have started to thrive in the dot com world. Capitalizing on social networking integration and web advertisement these companies are providing better tools for the home buyer, seller, real estate agent and other real estate industry professionals. As a home inspector working from Seattle to Wenatchee these websites have been a valuable tool for marketing our services over a board service area. I’m looking forward to the many opportunities these sites present as they grow.