Industry News

Top real estate stories of 2004

Congress investigates online real estate; Realtor.com partners with MSN

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2004 was another year of record success in real estate. But perhaps more importantly, online real estate made a big comeback. The public debut of ZipRealty and HouseValues, along with real estate heavyweight Cendant entering the online lead business, and a major lawsuit victory for online real estate advertiser ForSaleByOwner.com were among the highlights for this sector in 2004. Along with the triumphs, several controversies also surrounded the industry, topping off the list of this year's biggest real estate news stories. Here's a list of our picks for 2004's real estate highlights: Federal agency to probe online real estate. In November, House Financial Services Committee Chairman Michael Oxley (R-Ohio) shook the real estate industry with his request that the federal government study restrictions placed on Multiple Listing Services and their impact on home buyers. Oxley asked the General Accounting Office to assess and report on four main areas of the Web and real estate...