A Blog about Consumer Focused Real Estate
1 Feb
In the book 1984, Big Brother’s Ministry of Truth took care of rectifying any errors of previous news articles, history books, and other similar types of media. Thank God we have the NAR to take care of that dirty job for the real estate industry. A day after this New York Times article came out featuring Redfin, Zillow, Trulia, and Terabitz; the NAR came out with their synopsis of the article. Let’s contrast the lead lines of the two articles:
TALK about an uh-oh moment.
It was late October, and Redfin, an online real estate brokerage firm based in Seattle, had received just three months earlier a $12 million investment led by the marquee venture capital firm Draper Fisher Jurvetson.
It looked like bad timing when venture capitalists poured about $50 million in to Zillow, Terabitz, and Trulia just before the downturn began.
Notice anyone missing? The NAR Summary never mentions Redfin in the entire article.
My deepest appreciation to the NAR for filtering the good news from the bad news for the people of the real estate industry. Doubleplusgood my brothers. Doubleplusgood.
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