This week Zillow announced that is in talks to buy Trulia. if you don’t know what these names mean you were probably born a long time ago. The two names are the most visited websites by people looking to buy a place. They are also the reason you don’t go to your agent or brokers website anymore. The have spent Millions of dollars on perfecting the home search and on marketing to promote themselves.
Now, what does this mean for you? A monopoly? Less competition and therefore less innovation? I am not sure, lets wait and see.
I don’t think it will affect the consumer as much as will affect the Real Estate professional that buy leads from the sites and might be facing higher prices.
Let’s hope for the best.