Industry News

Homes.com sold

Trader Publishing acquires online real estate firm

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Homes.com has been acquired for an undisclosed price by Trader Publishing Co. The sale is positioned as a strategic acquisition by Trader Publishing, which owns 680 publications and Web sites, including Harmon Homes real estate magazine. Homes.com, as a subsidiary of Trader Publishing, will continue to operate as it currently does. "I am delighted with the immediate benefits that this merger will provide to real estate professionals, consumers, advertisers and our employees," said Homes.com CEO Tom Orsi. "This is a very positive step for both companies and the markets we serve." "We are extremely pleased to add such a powerful and intuitive URL as www.homes.com into our family of other great URLs," said Peter Ill, vice president of Trader Publishing. "Homes.com is a leader in lead generation Web site technology as well as a recognized brand name to both real estate professionals and online consumers searching for a home. Their business model is strong, profitable and efficient, and t...