SALE! Save $150 off Inman Connect San Francisco ticketsUse code ‘MDsale150’ at checkout The home services marketplace startup YINC, in the works since 2016, chose an interesting time to launch.
The startup made its first publicity push this week, the same week Facebook — the one competitor capable of crushing nearly any startup with its scale — added home services to Facebook Marketplace through partnerships with startups HomeAdvisor, Handy and Porch. Existing-home sales decreased 2.5 percent to a seasonally adjusted annual rate (SAAR) of 5.46 million in April — down from 5.60 million in March, the National Association of Realtors (NAR) reported today.
The agenda for next month’s joint workshop on competition from the Department of Justice (DOJ) and Federal Trade Commission (FTC) is now live. Detroit-based In-House Realty — a sister company to lending giant Quicken Loans — announced on Wednesday the purchase of ForSaleByOwner.com for $2.5 million.
The acquisition will allow Quicken Loans to create an “all-in-one” housing marketplace, linking Rocket Mortgage borrowers, an agent referral network, and now, homes for sale. Home values have risen 8.7 percent year-over-year to a median of $215,600 in April — only 0.3 percentage points from June 2006 ahead of the housing market collapse, according to the latest Real Estate Market Report from home search giant Zillow.
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