Industry NewsTechnology

Fidelity launches home-value site

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There are a lot of ways today to get an estimated value for your home on the Internet. Add another one to the list: Industry heavyweight Fidelity National Real Estate Solutions, a division of title insurance and real estate services company Fidelity National Financial, this week launched an automated valuation tool that includes data for about 100 million homes. The site draws upon Fidelity's previous work in home valuations and its extensive database of information that includes property, ownership, sales and mortgage records covering about 85 percent of the country's population. While Fidelity products typically cater to companies in the real estate industry, this Web site targets consumers and is free to use. Marty Frame, chief information officer for Fidelity National Real Estate Solutions, said the company is offering up the Cyberhomes valuation tool for real estate companies to place at their Web sites for a fee. "We think this is the right time on the Internet t...