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 center for home buyers to search for new home communities and view information about home styles and floor plans prior to visiting a builder sales office. Consumers who purchase a home from one of the company’s featured builders are able to use iNest’s cash-back coupon to receive a 1 percent rebate on the base price of the home. 

The acquisition fits with the overall RealEstate.com strategy to build a comprehensive online destination for real estate.

LendingTree is an online mortgage lending and real estate exchange. LendingTree is owned by Barry Diller’s media conglomerate InterActiveCorp, which also owns ServiceMagic, Expedia and Hotels.com, Citysearch, Match.com, Ticketmaster and the Home Shopping Network.

LendingTree in September purchased HomeLoanCenter.com, an Internet-based consumer direct mortgage lender.

***

Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Will you attend ICLV virtually or in-person? The agenda is packed with stellar speakers and sessions.Learn More×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription