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Real Estate Search Engine Roost Closes An $8 Million B Round

TechCrunch Dec 09 08

The economy is in the hole, and real estate is in an even deeper hole. What better time to invest in a real estate search engine? Shasta Ventures just led an $8 million series B financing in Roost, a real-estate search engine that is grabbing data from MLS listings (actually from something called the IDX, or Internet Data Exchange, which is a close proxy to MLS listings). As a result, Roost claims to have more comprehensive and accurate listings in the cities it covers than competing real-estate search engines such as Trulia and Zillow. Yet Roost's traffic barely registers. It is much smaller than Trulia, Zillow, or Redfin (which I've charted as a comparison below because Redfin also is not yet nationwide). Full story...

Tagged: accurate listings, better time, economy, internet data exchange, mls listings, proxy, real estate search,

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Related stories

Underdog Roost lands $8 million for real estate search, foreclosure watch Dec 10 08

More money for online real estate: Redfin raises another $10M Nov 12 09

Google Experiments With Real Estate Search on Maps Jul 06 09

Online Real Estate Site Redfin Raises $10 Million Nov 13 09

Already Profitable Redfin Raises Another $10 Million Nov 12 09