Industry NewsTechnology

New home-valuation site rivals Zillow

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Even before the digital paint has dried on Zillow.com, a real estate valuation site that launched in beta form in February, an alternative site has sprung up at RealEstateABC.com. Both sites offer home-price estimates to consumers at no charge and without requiring any form of registration. The new valuation tool, ABC Values, draws from a database of public property records for about 60 million U.S. homes and 20 million home-sale transactions. Acquired in 2005 by Internet Brands, RealEstateABC also features a national directory of real estate agents and an archive of real estate articles for consumers. Zillow.com, the brainchild of Expedia.com founder Richard Barton, also taps into public records for its data on a comparable number of properties. Internet Brands was founded in 1998 as CarsDirect.com, and that site remains the company's preeminent Web brand. Among the company's other Web enterprises: Autos.com, LoanApp.com, LoanStore.com, BestRate.com and VacationHomes.com. Zillow's pr...