Industry News

HomeNet real estate listings site launches

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The HomeNet, a Birmingham, Ala.-based company that consolidates residential property listings and distributes them to participating real estate agents' Web sites, launched Thursday. The company collects information about properties for sale from real estate professionals and makes the listings available to the contributors for display on their Web sites. The database includes properties listed with agents, for sale by owner, new construction and foreclosures, the company said. In a somewhat similar move, RE/MAX International in mid-August announced a plan to pool residential property listings into a national collection that can be viewed online at the company's Web site, It remains to be seen how many agents will use HomeNet to collect and distribute their listings, however. Currently, HomeNet has a distribution arrangement with Yahoo! Classified and with one of the larger aggregator foreclosure companies, said Michael Poythress, the company's president. The company...