Zillow just announced that it has acquired the San Francisco-based rental and real estate search site HotPads for $16 million in cash. The deal is expected to close in the fourth quarter of 2012. This acquisition marks the first time that Zillow has acquired a primarily consumer-facing company and Zillow says it is making this acquisition to “expand the size of its growing rental audience and… → Read More
Just because your bank account might be light is no reason to cancel your vacation this year. There are alternatives to expensive hotels. Expensive summer home rentals. Actually, renting someone’s vacation home for two to three weeks is usually cheaper than a fancy hotel and you get a lot more room to spread out. But finding a vacation home to rent out can be a real chore. Sites like … → Read More
I can’t resist a good heat map, especially on real estate sites. HotPads, which brought us the foreclose heat map, now offers a handy rent ratio heat map. The rent ratio is a home’s sale price divided by the annual rent of a comparable home in the same neighborhood. Looking at the rent ratio gives you a quick sense of whether it makes more sense to rent or buy in a particular… → Read More
If you want to see in stark colors exactly how the mortgage credit crisis is spreading across the country, go to real estate search site HotPads and look at the foreclosure heat maps in your area. These are map mashups that take foreclosure data from RealtyTrac and overlay them on a color-coded map. Red indicates a high rate of property foreclosures per capita, and blue indicates a low level. → Read More
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