Industry News

LendingTree beefs up one-stop realty spot

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In its quest to build as a comprehensive one-stop online destination for real estate consumers, LendingTree today added a new-homes construction piece to its offerings with the acquisition of iNest. INest is a new-homes destination on the Web that features some of the largest home builders in the country, including Centex Homes, Pulte Homes, Lennar Homes, DR Horton and Ryland Homes. The company matches home buyers to builders through 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, and boasts more than 8,000 home buyers. INest will remain an independent brand, but over time, its offerings will be integrated into, an operating business of LendingTree. LendingTree President Tom Reddin said the purchase of iNest fits with the company's overall strategy to build up its real estate offerings. "A large part of real estate ...