Thursday, February 09, 2006

Real Estate News for Thursday, February 9th, 2006

Zillow swamped, crashes. Home-valuation Web site attracts millions of visitors. Stories about the startup online real estate service in major U.S. newspapers -- including The Wall Street Journal, The New York Times and Los Angeles Times -- helped swamp Zillow's servers throughout the morning and early afternoon. By 7 a.m. Wednesday, the company had already served up more then 300,000 pages. By 4:30 p.m., the total had surpassed 2 million. The outage probably won't cause much damage to Zillow's brand if it is corrected in the next couple of days, said Ralph Fascitelli, a veteran advertising and public relations executive who previously ran Seattle-based Imagio. In fact, Fascitelli said it could create "an aura of success." "If it is down because of a technical problem due to the number of people, they can spin that in a very good way," said Fascitelli. But if the technical problems persist, then he said Zillow will "have a problem." Click here to read more.

Online Real Estate Search Company Announces Zip Code Demographic and Crime Reports; New Feature Integrated with iGenHome's Bay Area Home Search Site. iGenHome, the spot on the internet to find a home in Santa Clara or San Mateo County, California, today announced the availability of a new Neighborhood feature that generates wide-ranging demographic and crime statistics reports about the zip code surrounding a home for sale. Now, when a home buyer using www.igenhome.com wants to know more about the neighborhood surrounding a specific house, iGenHome's Neighborhood feature generates an intuitive graphical report for the house's zip code. iGenHome's Neighborhood report includes a description of the town and a variety of graphs that show distributions of ethnic and national backgrounds, income levels, education levels, ages, household characteristics, crime statistics and other data compiled from the most recent US Census and FBI crime statistics. Click here to read more.

California Association of REALTORS® Scholarship Foundation Awards Scholarships. The California Association of REALTORS® Scholarship Foundation recently awarded 13 scholarships to college students planning careers in real estate. The scholarships were awarded at the Association's board of directors meetings in Anaheim, Calif. in January. "The C.A.R. Scholarship Foundation is just one way REALTORS® reach out to future professionals in the real estate industry," said C.A.R. President Vince Malta. "These students have demonstrated a commitment to careers in real estate, and the scholarships assist them as they continue the training required to effectively meet the needs of homeowners in California." The California Association of REALTORS® Scholarship Foundation was established in 1948. Scholarships are awarded three times annually, during C.A.R. board of directors meetings in January and June and at the annual California REALTOR(R) EXPO and business meetings held in the fall. Scholarship recipients are enrolled in two- to four-year colleges or universities in California, have completed a minimum of two real estate or real estate-related college-level courses, and are currently enrolled in at least one real estate or real estate-related course. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

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