Industry News

LendingTree acquires iNest

New-home builder referral network to integrate with RealEstate.com
Published on Nov 10, 2004

LendingTree has added another online real estate brand to its network today with the purchase of iNest, a new-home builder referral network that serves builders and buyers of newly constructed homes. The services and functionality of iNest will be integrated with RealEstate.com, an operating business of LendingTree. Terms of the agreement were not disclosed. INest will remain an independent brand, but over time, its offerings will be integrated into RealEstate.com. INest, founded in the Chicago area in 1997, focuses exclusively on the market for newly constructed homes. Through its patented Featured Builder program, iNest brings buyers and builders together by providing a directory of more than 500 Featured Builders and 8,387 new home communities in 20 top home-building states. To date, the company has facilitated more than $1.8 billion in sales contracts. INest has created more than 500 marketing micro-sites for the builders featured on its Web site, creating a robust information ce...

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