Industry News

HotPads adds for-sale properties

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HotPads.com, an apartment-search site that launched two years ago, this week opened up to for-sale property listings. The company, which has an inventory of about 80,000 available rental properties, went live with an initial batch of 200,000 searchable for-sale listings supplied by partners, which include Web site and real estate software providers such as ThreeWide and ListHub. Matt Corgan, HotPads co-founder and technology director, said in a statement, "We are excited about the for-sale market. We have been helping people find rental housing for two years and are excited by the prospect of helping even more people find their next home." HotPads joins a lengthy and growing list of real estate Web sites that feature for-sale property listings. The site offers map-based searches with stylized representations of homes and rental properties and a sliding tool that allows users to set a search range for home prices and rental costs. The site also features heat maps and demogra...