Zillow to acquire StreetEasy for $50M

The result was really no surprise to anyone in the real estate business but because it was concentrated in one place, the story went viral.. Zillow to acquire @StreetEasy, New York’s leading real estate website, Zillow announced their acquisition of StreetEasy for $50M in cash.

Zillow purchased StreetEasy for $50 million in 2013 to help fill a gap in the company’s current offerings at the time. Although Zillow has developed a reputation as an industry leader on a national scale, the firm has not, as of yet, developed a strong strategy or product offering for New York City.

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Zillow is taking a big bite out of the Big Apple. The Seattle online real estate company today announced that it has entered into an agreement to buy StreetEasy, the leading real estate Web site in.

According to Streeteasy, it takes the average American 7.3 years to save up for a down payment to buy a home. But in the Big Apple, it takes more than a decade longer, an average of 18.1 years, to.

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Zillow helps you find the newest Atlanta real estate listings. By analyzing information on thousands of single family homes for sale in Atlanta , Georgia and across the United States , we calculate home values (Zestimates) and the Zillow Home Value Price Index for Atlanta proper, its neighborhoods and surrounding areas .

SEATTLE and NEW YORK (GLOBE NEWSWIRE) – Zillow, Inc. (Nasdaq:Z), the largest U.S. real estate and home-related marketplace, announced it has entered into a definitive agreement to acquire StreetEasy®, the leading real estate website in New York City, for $50 million in cash.

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 · SEATTLE, May 9, 2019 /PRNewswire/ — Home sellers in Austin, Los Angeles, Sacramento, San Antonio, San Diego and Tampa will soon be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow announced today plans to launch Zillow Offers in each of these six markets by the end of the first quarter of 2020.

 · Zillow, the Seattle-based online real estate database, on Monday, Aug. 20, announced plans to pay $50 million in cash to acquire StreetEasy, a.

“One of the things that I struggle to wrap my head around is why people continue to park money in high-end New York real estate when it’s not a very lucrative asset class,” said Grant Long, senior.

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