January 2018   Volume 44, Number 1      


Facebook Announces New Features for Home Sales

Facebook announced that the company is expanding its real estate listings section on its Marketplace, which is Facebook’s attempt to take on other e-commerce platforms, Craigslist and eBay.

“Marketplace is a popular place for people to look for a home to rent. Now that we’re adding listings from Apartment List and Zumper, people can search even more options in the U.S. to find a place to call home,” Bowen Pan, product manager at Facebook, said in a statement. “First with vehicles and now with housing rentals, we’re partnering with businesses to bring more ease and convenience for consumers.”

According to information provided by Facebook, since the beginning of 2017, search volume in the Marketplace tab has grown globally by 300 percent. Facebook currently permits individual homeowners to list their homes for sale on the Marketplace. Right now the feature is only available via the mobile app in the U.S. The current phase of the rollout includes custom filters for location, price, bedrooms, bathrooms, rental type, square footage, dog/cat friendly; along with the ability to upload 360-degree photos for individual rental listings.

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In this issue:

Renting Is Overtaking the Housing Market

Weekly Mortgage Applications Rise As Rates Pull Back

US New Home Sales Soar to Highest Level in 10 Years

Senate Version of Tax Bill Saves Mortgage Interest Deduction but Realtors Still Unhappy

Homebuilder Confidence Rises to 8-Month High

Foreclosure Crisis Lurks in Hurricane Damaged Areas

Fannie Mae Launches Program to Help Boost Homebuilding

Facebook Announces New Features for Home Sales

8 Markets Where Housing Inventory Is Actually Increasing

Three Facebook Updates That Affect the Way You Advertise Your Real Estate Business


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