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December 2017   Volume 43, Number 12      
 

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Amazon Ventures Into Real Estate With Hire a Realtor Service

A new placeholder web page on Amazon that says “Hire a Realtor” with an option to enter your zip code and the words “Coming Soon” is prompting speculation that the company could be expanding into the real estate referral business.

The Hire a Realtor page can be found under Amazon’s Home and Business Service marketplace. This marketplace connects consumers with home improvement professionals, electronics installation handymen, and other services for a referral fee.

Amazon’s move to add real estate professionals to its site is part of a broader push into the service provider space. Recode also discovered Amazon is hiring gadget geeks to help install smart home devices for its customers.

If Amazon decides to move into real estate, it will become a direct competitor against two other Seattle-based companies: Zillow and Redfin. Connecting house hunters with real estate agents is a crucial revenue source for both of these real estate companies.

Zillow, the current leader in real estate referrals, declined to comment on Amazon’s rumored competing service. When reports of the new Amazon service surfaced in July, Zillow’s stock price declined from $46.15 a share to $44.54, demonstrating that investors are closely watching the retailer.

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In this issue:

Homebuyers Rush to Riskier Mortgages As Home Prices Rise

Amazon Ventures Into Real Estate With Hire a Realtor Service

Digital Real Estate Platform Home61 Raises $4 Million

Homebuyers Can Now Crowdfund Their Mortgage Down Payments

Millennials Going Over Budget to Buy Homes

National Flood Insurance Program Might Not Be Able to Fulfill Obligations to Homeowners

San Francisco Most Over-valued Market in U.S.

Trump Tax Reform Sparks Fears for California Realtors

Weekly Mortgage Applications Stall Along With Rates and Home Sales

10 Reasons to Schedule a Seller Counseling Session



 


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