The Real Estate Truth

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• Michael Davin

• Too much mustard on the hot dog??

  The amount of IT talent working in the real estate industry has skyrocked in the last 24 months as new highly funded and highly talented teams have launched sites like zillow.com and trulia.com . They have launched so many new and hip property research tools it makes your head spin. But has the real estate tech crowd become feature rich and benefit poor? Every day I see incredibly cool features that I want to integrate on CataListHomes.com, but are they really useful to the consumer, or just eye candy? Consider this graph of the average price for Manhattan Beach Real Estate on from Zillow.com. Well the average price is about $400,000 higher. In fact, less than 7% of the active listings are priced below the Zillow average price. Trulia.com has a graph to illustrate if the home is priced correctly as well. Heat maps, mashups, and slick ajax are all great. We applaud all those who have invested millions of dollars so consumers can get more educated and make better decisions. When it comes time to find that dream home, good broker websites like catalisthomes.com, ziprealty.com ,etc are the ones with the most accurate housing data as our source is the MLS. Many of the new web 2.0 sites are great, but rarely have more than 50% of the available inventory. So enjoy these sites, but when you want to know what is for sale in real-time keep using our home search tools. The accuracy rate of CataList Homes to the MLS is over 96%. Share this post: email it! | bookmark it! | digg it! | reddit! | kick it! | live it! Posted Jul 20 2007, 05:01 PM by mdavin with | with no comments Filed under: Technology, Michael Davin, real estate