Porch.com Enters Real Estate Space With Groundbreaking Home and Neighborhood Project History Reports Available on Realtor.com
Porch Home & Neighborhood Report Helps Millions of Homeowners Get Exclusive, Never Before Available, Research on Homes They are Considering for Purchase
SEATTLE, March 25, 2014 (GLOBE NEWSWIRE) -- Porch (http://porch.com ), the home improvement network, and realtor.com® (http://realtor.com), a leader in online real estate operated by Move, Inc. (Nasdaq:MOVE), today announced the launch of the Porch Home and Neighborhood Report, a free, innovative resource for understanding the remodeling and project history of a specific home and its neighborhood, to millions of prospective home buyers searching for homes on realtor.com.
Built using data and insights from the Porch Home Improvement Network of 1.5 million professionals and their 98 million projects, the Porch Home & Neighborhood Report provides a new level of insight and information that can be used to inform the home search process. The report includes home improvement project history, the cost and details of remodels and projects, background information for professionals that have previously worked on the home and neighborhood, and vital neighborhood statistics, such as how long neighbors have lived in their homes and the size, age, and cost of comparable neighborhood homes.
Realtor.com, the official site of the National Association of REALTORS® (NAR) is first-to-market to provide access to the Porch Home & Neighborhood Report, free of charge. This new remodel and project history adds to the industry's most accurate, timely and comprehensive listing information available to the marketplace on realtor.com.
Available today on realtor.com, Porch Home & Neighborhood Reports can include the following:
- Home & Project History: Home history from the Porch database which can include the projects, costs, photos, and professionals that worked on that home.
- Neighborhood Home Improvement Insights: A summary of home improvement projects completed throughout the neighborhood. The Porch Home & Neighborhood Report provides details on various types of projects including median cost and local professionals in order to help prospective home buyers learn about what a project may cost and who they can hire.
- Neighborhood Stats: Insights into all neighborhood homes so a home buyer can compare the home for sale to others nearby. Insights include home values, size, age, percentage of homes that are owner occupied, and the number of years neighbors have lived in their homes.
"At Porch we want to help everyone love their home; whether that means finding the right professionals to improve their existing residence or finding the home of their dreams," said Matt Ehrlichman, chief executive officer of Porch. "For millions of people, the home is the biggest investment they will ever make. We believe everyone should have easy and transparent access to data and insights that matter most so they can make good, informed decisions. Through this relationship, we have the opportunity to use the power of the data in the Porch Home Improvement Network to provide relevant insights to consumers who visit for-sale homes on realtor.com."
With a Porch Home & Neighborhood Report, prospective homebuyers have a completely new and never before available tool for conducting a detailed, informed home search. The Porch Home & Neighborhood Report puts real figures in place of estimations, backed by data collected from city permitting departments, materials suppliers and professional associations as well as provided by professionals and their clients.
"We are delighted to be joining with Porch in delivering an innovative new layer of real estate information for buyers and sellers," said Steve Berkowitz, chief executive officer of Move. "The Porch Home & Neighborhood Report adds tremendous insight that a prospective buyer or seller can discuss with their Realtor to help them make the best decision about the purchase or sale of the home. It's another way to help consumers quickly understand with confidence the various costs associated with a home, which is especially critical in today's market with multiple offers and homes moving very quickly."
Porch is the home improvement network, free for homeowners and professionals. With over 1.5 million professionals and over 90 million projects in their network, Porch enables consumers to make smart home improvement decisions by connecting them with the right professionals. Porch helps professionals grow their business and succeed as homeowners look online for trusted professionals to complete their projects and improve their homes. For more information about Porch visit http://porch.com
Operated by Move, Inc., (Nasdaq:MOVE), realtor.com® helps connect people with the content, tools and expertise they need to find their perfect home. As the official website of the National Association of REALTORS®, realtor.com® empowers consumers to make the smartest decisions when it comes to finding a home by leveraging direct connections with more than 800 MLSs to deliver the most accurate and up-to-date listing information in neighborhoods across the country, and by making timely and meaningful connections between consumers and REALTORS®. Whether through desktop, mobile, or tablet versions, realtor.com® is where home happens.
About Move, Inc.
Move, Inc. (Nasdaq:MOVE), the leader in online real estate, operates: realtor.com®, the official website of the National Association of REALTORS®; Move.com, a leading destination for new homes and rental listings, moving, home and garden, and home finance; ListHub™, the leading syndicator of real estate listings; Moving.com™; SeniorHousingNet; SocialBios; Doorsteps®; TigerLead® Top Producer® Systems and FiveStreet. Move, Inc. is based in San Jose, California.
This press release may contain forward-looking statements, including information about management's view of Move's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different from those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move's future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.
CONTACT: PR Contact Craig Cincotta of Porch.com Inc., +425-753-0156 firstname.lastname@example.org Christie Farrell, Move, Inc. +408-558-7715 email@example.com Press Assets: www.about.porch.com/press Website: http://porch.com http://realtor.com Twitter: @porchdotcom, @realtordotcomSource: Porch.com
Released March 25, 2014