Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A single event can spark an insight into where we have been or where we are going. The news that Prudential is purchasing eRealty did that for us. For one, a traditional off-line franchise acquiring a pure Internet-inspired company shows convincingly that the marriage of bricks and clicks is real, necessary and inevitable. Prudential acquires the innovation, technology and risk-taking of an online company, and eRealty gets the depth, judgment and experience of a traditional real estate company. Of course, this deal may just be a case of one real estate company buying another–an example of consolidation, albeit on a small scale, in the industry: HomeServices buys this, Cendant buys that, Diller grabs LendingTree, Tree nabs and Domania tags along. The acquisition ...