Posted on September 26th, 2006By Erin Teeling in Other, Web 2.0, Website review
Here's a riddle for you: What do the Internet and the real estate market have in common?
Answer: they're both eking all they can out of "Web 2.0" hysteria.
Recently, we've written many entries explaining the Web 2.0 craze and how it has affected everything from social groups to newspapers to politics. What we haven't discussed yet is how the Web is affecting the US real estate market and the way everyday people buy their homes.
As in many other industries, the Web is helping home buyers and sellers alike cut out the filter of the media and other top-down information and marketing services. With the emergence of real estate websites and blogs, home buyers and sellers can throw away the classified and real estate sections of their newspapers. They can forget the phone number of the local real estate agent. And most of all, they can take an active role in finding the home of their dreams by themselves.