From NY to LA
NEW YORK – Since we first introduced you to apartment search site, Nestio.com, the young startup has come a long way. This spring, the bookmarking site launched at Demo Day and received $750k in seed funding this summer to grow from New York City to national, which they are now announcing they have achieved.
“We’ve continually heard one very important question from users: When will Nestio be in my city?” Nestio said in a statement. “Well, that day is TODAY! Nestio is now open nationwide, from NYC to San Francisco and every city, suburb, and town in between. We’re excited to meet renters across the country and hear your stories, so check it out!”
In April, we opined, “Nestio is currently available in New York City and compares Craigslist and Streeteasy listings, but we can see the amazing potential for all cities and all real estate search sites- can you imagine a consumer adding all of their favorite listings across the web into one site that shows their details side by side? It’s genius- Nestio doesn’t eliminate the need for real estate search, rather acts as a single bookmarking place for all listings. We love how streamlined it could make the entire home shopping experience.”
Revamped site, major partnerships formed
In addition to going national, the site has been revamped and not only is it super fast, users can save notes and indicate the status of whether or not they have viewed a property or scheduled a viewing, to keep the compared listings in order. Local news is being featured via Patch alongside listings and sharing options have been expanded. Users can download a free Nestio app for mobile comparison shopping or use the Nestio browser bookmarklet while computing at home or work.
Nestio has a button that is featured on sites like NakedApartments and now, the startup has teamed up with eBay Classifieds, and any eBay user hunting for apartments will see the Nestio button next to social sharing buttons so they can add it to their list of comparable units on their Nestio dashboard.
We anticipate that the Nestio button will be appearing in more locations throughout the country and that the young startup will (as it has been since its inception) remain on our list of rising stars in the startup world.
Austin tops the list of best places to buy a home
When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?
Looking at the bigger picture
(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).
That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).
They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.
“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”
Average age of houses on the rise, so is it now better or worse to buy new?
With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.
The average home age is higher than ever
(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.
With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.
Prices of new homes on the rise
Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.
Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?
The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.
Why Realtors are vulnerable to these rapid changes
(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.
Note: We’ll let you decide which company plays which role in the image above.
So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.
1. Zillow poaches top talent, Move/NAR sues
It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.
Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.
2. Two major media brands emerge
Opinion Editorials3 days ago
The actual reasons people choose to work at startups
Business Marketing2 weeks ago
Why you must nix MLM experience from your resume
Opinion Editorials1 week ago
Online dating is evolving and maybe networking will too
Business Finance2 weeks ago
Bitcoins worth $300K recovered from an old zip file
Business Entrepreneur2 weeks ago
Kanception simplifies your project management with nested tasks
Business News2 weeks ago
Freelancers, rejoice! AB5 modified for the better
Tech News2 weeks ago
Third-party MacBook repair shops will get Apple seal of approval
Business News1 week ago
2020 Black Friday shopping may break the mold