Facebook has always played a supporting role in the marketing portfolio of real estate professionals: historically, real estate agents have been twice as likely to admit advertising on a listing portal than on social media. For its part, Facebook has never built features that cater directly to real estate consumers and professionals. Earlier this year, that changed -- signaling a shift in strategy with major implications for real estate portals. A month ago, Facebook announced a major update to the “Property Rentals” section on Facebook Marketplace and launched a new front-end that allows mobile users to search for rentals using a variety of new filters: rental type, location, number of bedrooms, pet friendliness and more. Facebook Marketplace’s Property Rentals Paired with this product update are new partnerships with Zumper and Apartment List -- two of the most prominent online rental platforms, which collectively receive millions of unique visitors a month -- which w...
- Facebook’s deeper move into real estate — both in rentals and for sale listings — represents a strategic threat to a range of existing businesses.
- For real estate portals, the first battleground is agent premium spend. Facebook is giving agents a new, powerful choice of where to spend their money for leads.
Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018