May 11, 2011

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Real Estate Tech Roundup 6/5/11

Each week, we take a a look at the top stories in real estate technology from the past seven days. Here are the latest stories from around the world:

  • US-based real estate marketing software company Market Leader, reported a US$4.3 million net loss for the first quarter of 2011, even as revenue rose 25 percent year-on-year to $25 million. The company’s revenue from software-as-a-service based products, which now include real estate social networking site activerain.com, was also up 61 percent. “We expect to build upon our five consecutive quarters of growth with even stronger revenue growth and significantly improved Adjusted EBITDA for the rest of the year,” said Ian Morris, Market Leader’s CEO.
  • a la mode, another US-based real estate technology company, released its DaVinci app for Android. The free app, aimed at appraisers, allows users to gather property data on site, create “QuickLists” to eliminate retyping, take voice and text notes, and add photos.
  • hotpads.com may have missed out on a Webby this year, but the map-based real estate search engine will still be increasing its presence across the web with the release of its housing search widget. “Over the last year we’ve had many people asking how they can integrate the hotpads.com map-based search experience directly into their own website,” hotpads.com explains. “This a great way to add even more useful content to your site and help visitors visualize what’s going on in the local market.”
  • In other app-related news, current US number six property portal homes.com released its mortgage calculator app for iPhone. The free app includes a “Buy or Rent” tool, which calculates the user’s best financial option based on factors like monthly expenses, local market conditions and taxes. homes.com already offers home search applications for iPhone, Blackberry, Windows Phone 7 and Android.
  • We are always on the lookout for new developments in real estate technology. Send us your tips and press releases by emailing [email protected]

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