Zillow and News Corp each have $1 billion invested in the concept that there are soon to be enough homebuyer and seller leads on the Internet that they will make a substantial yearly profit from their investments.
- We certainly have a distinct line of demarcation: those betting on the Internet and those not.
- According to NAR, homeseller leads from websites are just plain bleak, coming in at 4 percent.
- Either both the portals and this subset of productive brokers are stupid or the industry is lying to itself about where leads are truly coming from.
LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.