Industry

Friday Flash: Trulia's IPO, a new neighborhood play and the agent phone booth

Author
Brian Boero
No.
732
Please excuse the mess. This page is currently under construction.

Trulia rocked its IPO. I don’t know how you interpret this, but the “this is a vote of confidence for the housing recovery” line works for me.

And call me soft, but whatever the politics, whomever you like or don’t like, seeing years of will-testing, marriage-straining, sleep-depriving work pay off big always gets me:

Trulia at NYSE

Congratulations.

I present to you, without comment, the new ad for RPR in RIS Media Magazine…

RPR magazine ad

Block Avenue launched this week. It’s a site that assigns a letter grade to neighborhoods based on analyses of crime stats, school data, sex offender density and other factors. User generated reviews round things out.

It’s nicely done:

Block Avenue screenshot

StreetAdvisor, Walkscore and Nabewise play in this space as well, and I think there’s a lot of opportunity here. While the big online real estate sites have plenty of neighborhood data (and in some cases reviews), I do think sites/applications dedicated to finding a place to live will catch on in time.

The tricky thing here is that data driven solutions often feel random and unsatisfying (e.g., my neighborhood gets a “C” on Block Avenue without explanation) and user generated content presents a chicken/egg dilemma (building an audience requires content; generating user content requires an audience).

I wish them success. I still believe the neighborhood is online real estate’s final frontier.

I went to an office opening for Red Oak Realty in Oakland last night. They’re one of my favorite little brokerage companies.

Two smart things:

First, no land lines for agents, just a cloud-based system that routes calls to mobiles. Love this.

A friend of mine who works in a brokerage of about 500 agents told me recently that his company spends over $150,000 per year on its office phone systems: PBX, T1, service tech calls, “phone boxes” that hang in the “server rooms” that always need rebooting… it’s like an extravagant museum installation.

Second, this new office featured two “Phone booths,” small quiet rooms with a counter and no chair. A smart bit of design in an office that’s largely open and has no private offices for agents. It also ties nicely to the stand-up desk craze.

Forget the iPhone 5. This was some revolutionary stuff:

(h/t to AdAge)

Enjoy the weekend.

[Disclosure: StreetAdvisor is a 1000watt Client]