Dan Mitchell of The New York Times writes Tuesday that the real estate blog network Curbed.com has received $1.5 from investors that include Gawker Media.
“In some respects, sites like Curbed are insulated from the woes of the real estate market in a way that traditional sites may not be. ‘We’re not just about real estate,’ Mr. Steele said. ‘People come to the site to talk about their neighborhoods and about life in the city.’ This wide focus has helped Curbed draw advertisers like American Express and Volkswagen, Mr. Steele said.
“At greater potential risk are national-focused sites like Zillow.com and Realtor.com that depend on an active market of buyers and sellers to thrive. Nonetheless, Zillow, which estimates home values, last month obtained $30 million in its latest round of financing, bringing the total to $87 million for the site, which was started less than two years ago. And its traffic in the third quarter was 20 percent higher than in the period a year earlier, according to Spencer Rascoff, Zillow’s vice president for marketing and chief financial officer.”
Read more here.
CNBC Digital is looking for an experienced editor to work with the Senior Editor helping…
Unionized journalists at Law360 say Teresa Harmon, vice president of legal news at LexisNexis, has…
The WERT Global Prize honors excellence in business journalism by a woman for work that…
Global regulatory risk newswire MLex is looking for a UK IP Correspondent for its London…
Global regulatory risk newswire MLex is looking for an AI Correspondent for its London bureau.…
Global regulatory risk newswire MLex is looking for a Senior IP Correspondent for its Brussels…
View Comments
Curbed expanded last fall and opened their nationally facing blog for public consumption. It looks like the nationally focused sites may not have had it all wrong after all.