Paul Habibi

Type: Person
Name: Paul Habibi
First reported Aug 03 2014 - Updated Aug 03 2014 - 1 reports

Zillow topping Realogy shows Web surge in housing

LOS ANGELES -- Zillow's purchase of Trulia makes the online company such a force in U.S. real estate that its market value now surpasses that of Realogy, owner of renowned brokerage brands from Coldwell Banker to Century 21.Zillow, the biggest U.S. real ... [Published Chicago Daily Herald - Aug 03 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

Zillow deal to buy Trulia creates real estate digital ad juggernaut

The $3.5-billion deal announced Monday for Zillow to buy Trulia creates a digital advertising juggernaut that could control more than 70% of online real estate searches. And it could further open up information about the market to buy and sell houses, ... [Published Los Angeles Times - Jul 29 2014]

Quotes

"They're not the 800-pound gorilla in the room, but they have the potential to be a 100-pound gorilla," Habibi said in a telephone interview. "they're a force to be reckoned with."
"It's a matter of time until technology has the same impact on real estate that it's had on other aspects of life," Habibi said. "it's not going to displace completely the role of the agent. but if [zillow] can get to 10 to 20% of the market, they'd be doing amazingly well."

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Zillow topping Realogy shows Web surge in housing [Published Chicago Daily Herald - Aug 03 2014]
Zillow deal to buy Trulia creates real estate d... [Published Los Angeles Times - Jul 29 2014]
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