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Yet another consumer real estate Web site has launched today. Given the success of Zillow and Trulia, brand-new site Terabitz.com has high hopes (the site’s PR person has already promised me that it is “better than Zillow”).
In my opinion, the coolest thing about Terabitz is its customizability (that’s a real word, I checked). Think iGoogle, but for real estate. For those without a personalized Google homepage, iGoogle allows you to add web feeds and “Google Gadgets” to the usual Google homepage so that when you go to www.google.com to search, you can also track things like the local weather, your stocks, your email or the top stories on your favorite news sites. With Terabitz, you enter a location and drag icons from the top of the page into “the workspace.” This way, you can simultaneously view maps, for-sale listings from a number of different sources, local photos, a list of restaurants or doctors offices in the area, population demographics, a mortgage rate calculator— you name it.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.