Industry News down most of Wednesday

Newly launched real estate service feels weight of traffic

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017, which launched its home valuation service Wednesday, was plagued with outages throughout the day. Hundreds of thousands of people visited the site, Zillow reported on its blog. Their interest was doubtless piqued by stories running in almost every major media outlet in the country, including Inman News, and the reputation of Zillow Founder Richard Barton, who also founded Expedia. Visitors to Zillow encountered long waits for the site to load, often ending up only with messages such as, "Our apologies. Due to overwhelming demand, our beta site is down. We'll be back online as soon as possible. Please check with us again later." The site attracted more than 300,000 page views between midnight and 7 a.m., according to the Zillow blog. Spencer Rascoff, chief financial officer and vice president of marketing at Zillow, reported, "Zillow is a bit slow right now. Sorry," on his blog. Earlier, he had posted, "Check it out. But remember, it's a beta and we have a few kinks to wo...