Why Redfin, Zillow, and Trulia Haven’t Killed Off Real Estate Brokers

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Description: Over the last decade, the Internet has seeped into that bedrock of the U.S. economy: the housing market. A group of growing and mostly profitable websites have sprung up to help guide consumers through what in many cases will be the largest and most nerve-wracking transaction of their lives. Four sites—Redfin and Zillow (Z), based in Seattle, and Trulia (TRLA) and Realtor.com, based in the San Francisco Bay Area—attract 61 million of the 67 million visitors to real estate websites each month in the U.S., according to ComScore (SCOR).

Source:  Businessweek.com

Date: Mar 07, 2013

Link: http://www.businessweek.com/articles/2013-03-07/why-redfin-zillow-and-trulia-havent-killed-off-real-estate-brokers#r=hpt-ls

Questions for Discussions:

  • Describe the differences between these firms.
  • How have they affected the buying decision-making process?

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