Did Zillow Just Wrap up Industry Dominance?
The real estate market needs a destination site on a domestic and possibly global basis, and that's what makes Zillow (NASDAQ: Z ) such an interesting investment prospect. The top online real estate marketplace could eventually rival the valuations of a LinkedIn or Priceline.com, which average more than $40 billion now.
The biggest issue in the real estate sector continues to be the lack of a comprehensive solution that incorporates all houses listed for sale. Several listing networks limit real estate listings to internal networks, hence the reason for the Trulia (NYSE: TRLA ) purchase of Market Leader. The other threat has been Move, (NASDAQ: MOVE ) which runs Realtor.com. But both of those situations involve operating under the influence of Realtors instead of home buyers who want an independent website to view.
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