Real estate website operator Zillow is buying competitor Trulia, which has its headquarters in San Francisco, in a $3.5 billion all-stock deal.
There’s some good news in the forecast. According to Dr. Kolko of the real estate site Trulia, we are coming out of the housing recession.
Trulia Inc.’s shares jumped about 30 percent in their debut on the New York Stock Exchange.
Trulia.com will now post advisories on all its rental ads warning about scamming tactics. It will also require more identifying information from individuals posting apartment rentals.