Timing the Market, A Banker’s Viewpoint
September 1, 2008
Credit for this post really goes to 3 Oceans contributor Eric Trailer who sent me this content in a letter this week. My clients got it last week, and the blogoshpere can now benefit. We can assume that Eric has better things to do on Labor Day than blog. I’m guessing something involving his lovely wife and son . . .
To see current market data and price trends over the past year for local communities and confirm or refute Eric’s prognostications on the local market in Palo Alto and the surrounding communities,
CLICK HERE to see real-time market data, courtesy of our friends at Altos Research.
As you have likely been hearing, there continues to be more and more evidence that it will cost prospective home buyers more to purchase a home in select areas of the Bay Area as they allow time to go by.
Why? Let’s look at the basic reasons, then review an example:
1. The median price across the board in Palo Alto and the surrounding communities has risen since the beginning of the year.
2. On a national basis, the trough of the market was reached in April.
3. The conforming loan limit will DECREASE over $100,000 in 2009 to $625,000.
4. Rates have risen about .5% since the beginning of the year, despite the increase in the conforming loan limit to $729,750
5. Loan qualifications are becoming more restrictive with each passing week.
6. More restrictions on loans and a tighter supply of money forces rates to go up
7. Because loans require more work to process them (requirements today are 4x what they were a year ago), rates will go up.
8. Inflation is the number one concern of the Fed, and should be the number one concern for all of us.
Let’s say for a moment that you agree that rates are on the rise, but feel as though prices may come down on a $1mm property today; thus, you want to wait. Let’s further assume that you are right and the future price is $950,000, but rates have increased .5% at that future time. Using 20% down, waiting just cost you an ADDITIONAL $117 per month-over $1,400 per year.
But now let’s be more realistic given the appreciation rates of desirable areas of the Bay Area. If rates increase and the $1mm home appreciates to $1,050,000, you are looking at an ADDITIONAL $550 PER MONTH-OVER $6,000 PER YEAR!
What’s the take-away here? Price matters much less than true cost… My motto has always been that it always pays off to buy sooner than later, provided your holding period is greater than four years. And to prove that I walk the walk, I am happy to share my personal situation written as an article titled, “How to Afford a Home in Palo Alto Without a Trust Fund.”
Kindest regards,
Eric
To call Eric on his walking the walk comment, and get a copy of his article, “How to Afford a Home in Palo Alto Without a Trust Fund.”, click on his pretty picture over there in the contributor column to send him an email.
Tags: 4---mortgage-mania, absolute mortgage bank, mortgage rates, Mortgages, palo alto home prices, Palo alto housing market, palo alto market, palo alto real estate market
Symantec Issues High-Priority Security Patch For Trulia Widgets, Called
May 8, 2008
Symantec, the Internet security firm, today released what they described as a “code red” security patch for all real estate bloggers currently using the now-infamous “Google Juice Sucking” Trulia widget.
Tipped off by an anonymous Active Rain’er who had come across this discussion thread, which in turn had been prompted by good investigative sniffing [sniff one, sniff two, sniff three] by the pack at Bloodhound, Symantec’s elite Taskforce Realty Internet Permission Experts (TRIPE) worked through the night to come up with a patch. The head of TRIPE, Dr. Francois Viande-Fichu, released the following press statement:
With thanks to the ever-vigilant Active Rain-droppers for tipping us off, we were stunned to find some pretty damning evidence of foul play in Trulia’s widget, which unsuspecting Realtors have been deploying on their web sites in droves. Trojan Horses are one thing, but what they’ve come up with is something far more nefarious: a Peloponnesian Unicorn.
The Trulia widget does the following:
- Sucks out the hosting web site’s Google Juice, especially the Raspberry flavor.
- Decreases the hosting web site’s Google Page Rank to negative 5.
- Installs a little Trulia MarkerMan on the desktop whose eyes follow you around as you surf, and they roll sarcastically whenever you visit Zillow’s site.
- Automatically and instantaneously rises Trulia to the top of the Google rankings for all searches related to the host site.
- Makes the web site owner/blogger start chanting Gregorian hymns in the original Latin.
- Refers all incoming traffic to the hosting site’s owner’s fiercest competitor, in exchange for a 25% referral fee.
When challenged to provide evidence of the above, Dr. Viande-Fichu displayed the following code embedded into each Trulia Widget.
;
While {5>1 DO:
Trulia.PageRank = Site.PageRank*2 / Slurp.Giant.SuckingSound;
Site.PageRank=-5;
Install.Icon = http:/trulia.com/images/trulia_markermen_icon.gif; option bug eyes=”true”;
If Site.Visit=”Zillow” Do {Icon.Roll.Eyes And Sigh.Loudly};
Google.LocalSearchRankings.Site.City = “Truliawful”;
Trulia.LocalSearchRankings.Site.City = “TopOfFirstPage”;
Launch Latin.hymns.InstanceGregorian;
End Do}
?end Php>
Agents who’ve installed this widget are advised to uninstall it immediately, then put the following badge on their web site to protect them in the future:
To install this widget, do the following:
- Download this file to your computer.
- Open the file in Notepad or some other text editor.
- Copy and paste the contents of the file into a sidebar Text widget.
- Rinse and repeat.
Full disclosure:
- I did a consulting project for Trulia last year.
- Trulia out-ranks my site for many Google searches.
- My site outranks Trulia for many other searches, including, most significantly, peace corps volunteer botswana real estate palo alto.
- Trulia’s no-follow policy applies, as far as I know, consistently across all broker’s listings, including mine.
- No animals, Realtors, or SERPS were harmed in the production of this post.
- Void where prohibited.
- Do not ingest.
- This blog is not a toy. Keep out of reach of children.
Tags: Humor, Industry, Trulia
A Perfect Example Of Co-opetition: The Real Estate Industry … Barry Nalebuff Would Be Proud
May 6, 2008
Maybe it’s the frustrated business school professor in me, or the memories of sitting in Professor Barry Nalebuff’s classes during business school, but what has fascinated me the most about the ongoing debate about Trulia’s no-follow outbound listings links (started here by Galen Ward, then continued here, here, here, and here) is not the arcana of the no-follow tag, not the dissection of SEO intricacies, and not really even the question of what is or is not appropriate to do with listings online.
No, what really fascinates me about this debate is how it accentuates co-opetition in the real estate industry. Co-opetition is simply the notion that companies compete and co-operate simultaneously. Arch-rivals Northrup Grumman and Boeing go mano-a-mano to get a lucrative government contract … and the winner often subcontracts part of the project to its rival. Microsoft and Oracle have competing database platforms but often sell eachother’s products.
In our industry, co-opetition reaches nearly incestuous levels. For instance:
- Brokers John and Betty compete for the listing at 123 Main Street. Betty wins and puts the property on the MLS. The very next week John brings potential buyer clients to the property. Sure, he would rather have won the listing, but that’s in the past. Now he’s working with Betty to consummate the transaction. No hard feelings.
- Realtor Bob hangs his license with ABC Realty. He puts an ABC Realty sign on the front lawn of all his listings, and the ABC Realty logo is prominent in all his media ads. He’s co-operating with his real estate brokerage to promote their brand, and he in turn benefits from that brand awareness. Co-operation. A phone call from a prospective buyer of one of Bob’s listings, however, may well go through to the agent on “floor duty.” That agent turns this phone call into a client, who goes on to buy a different listing, not Bob’s. That’s competition — Bob would have loved to get that phone call and turn it into another client, but his competitor — the other agent, and to some extent his own broker — snagged that client. Co-operation plus competition = co-opetition.
- A thousand local brokers — each fierce competitors — co-operate to run a local MLS. They put their competing listings up on the MLS, and they compete to bring buyers to each of the listings. At the close of each transaction, we again have co-opetition — competing parties co-operating for the sake of the deal.
- Broker Tom snags a listing and puts it on the MLS. Via the wonders of IDX, that listing spreads its tentacles onto a thousand other sites, including that of arch-rival Broker Sarah. As long as Broker Sarah indicates that Tom is the broker of record, it’s all good. Her site is much better than Tom’s, so she gets more traffic and hence more clients online. The fodder that draws in those visitors? Listings … not only her own, but also Tom’s.
- Broker Rachel gets the listing at 789 Elm Street and puts it on the MLS. She also puts it on Trulia, which, like the MLS itself, exposes the listing to a much broader audience than she could reach on her own. She benefits from the increased exposure, and Trulia gets more inventory to display. It’s a win-win — co-operation at its finest. The next day, a prospective homebuyer passes 789 Elm Street and Googles the address to find out more. Who’s on the top page? Trulia and Broker Rachel’s listing site. Now they’re competing — for web traffic.
There really is nothing new under the sun. This business has always been a co-opetitive one, and we’ve always simultaneously co-operated with and competed against not only every other broker, but many of the third-party advertisers, aggregators, and media companies.
Tags: Industry, MLS, Real estate, Trulia
How to use Facebook to brand yourself and expand your business network
April 8, 2008
I have to honest. I have been reading Kevin’s posts on social media and blogging, I am itching to write one on the topic myself since internet & blogging has done tremendous for my business. So here it is! (We will continue the regular programming on staging for next post I promise.)
I have been toying with Facebook a lot lately because I am intrigued of how this thing can work for my business (since I am spending a ridiculous amount of time on it) and how fun it actually can be even for work. Facebook has exploded on the business sphere lately largely because of its user-friendliness, much more professional look than myspace, and easy to network quickly with a string of people in a more relaxed atmosphere (they now even added a People You May Know section, which is frankly scary how they know I know these people).
At first I only used Facebook for contacting old college classmates & long lost friends, secretly comparing looking where they are working now how much weight they had gained, but lately I am finding a lot more business applications being developed and used, as well as an increased number of contacts in both staging and realtor fields. (Finally, no more of those invites of “Are You a Vampire?” but “Have my online business card.”)
I also read Guy Kawasaki’s 10 Things You Don’t Know About Facebook: “the fastest growing demographic on Facebook is those ages twenty-five and older. [per Facebook's own stats] Facebook is quickly becoming not just place for friends to meet friends, but for business users, baby-boomers…”
Which prompted me to establish a “store front” (in Facebook lingo: Page) for my staging business. I listed my mission statement, basic info, even added blog syndications and apps such as charity that I personally support.
It’s an interesting experiment so far. According to Facebook’s stats, (or “Insights” per Facebook lingo) I have received 88 hits so far in the last 2 days. Although it is unclear where these traffic are coming from…. While my page is not like a major consumer product’s page, such as Dr. Pepper or Guiness where they have legion of fans who have the kind of viral power that can multiply consumer bases quickly and sell more products through their Facebook pages, I am interested to see how small businesses or professionals can use this to help them increase exposure.
Moreover, more and more people every day are joining for the sole purposes of prospecting and expanding networks. Similarly to LinkedIn, you can seek introductions via Facebook by simply “poking” someone to view their profiles, nudging them to respond and even visually displayed how many friends you have in common.
Similarly to twitter, you can update your status quickly via your mobiles or on the internet to let your sphere of influence, as well as millions of other users to know what you are doing.
I also have to say, the SEO on the Facebook page is SCARY. I only made it couple days ago, it already popped up on my google alert. I am experimenting and I plugged in “Burlingame” just now, to test and see if it will pop up on future searches.
What do you think? Any success stories so far? What do you use Facebook for? Be part of my social experiment by becoming a fan of my page at http://tinyurl.com/3jryvf. Or simply add me as your facebook friend
Tags: Blogging, Facebook, fan, guy kawasaki, linkedin, page, social media, social networking, twitter
Roost Levels The Playing Field Between Listing And Buy-side Brokers, But (Speaking From Personal Experience!) How Long Before An MLS Strangles It?
January 27, 2008
Trulia! Zillow! … and now Roost! Where do they come up with these names?
Roost, a new startup in the increasingly crowded real estate search space, launched last week to a cacophony of commentary from the re.net. Joel Burslem covered its feature set, its performance, and noted that Roost has the complete MLS inventory because it gets its listings from MLS’s, albeit indirectly. Greg Swann fawned over its business model and complete inventory.
If I understand Roost’s business model correctly, it intends to make money in a way that’s clever, unique, and possibly illegal non-MLS-compliant. [1/30/08 update: I've been thinking about my choice of words, and "illegal" is definitely not the word I should have used. "Illegal" is mugging somebody, or stealing something. What Roost is doing is 100% legal and above-board. It may -- and I emphasize may -- be viewed by some as being non-MLS-compliant.]
The unique aspect of its business plan: it offers brokerages the opportunity to sponsor search results and get the resulting click-throughs to their own site. A search in Sacramento, for instance, reveals that the current sponsor is Sacramento heavyweight Lyon Real Estate.
The first three listings I see are from VM Group, Gold Financial Services, and Prudential CA Realty, all clearly identified in compliance with Sacramento’s Metrolist MLS services.
Here’s the tricky bit…if you want more information, you click on “View Details on Featured Broker’s Site.” When you do that for, say, the Prudential listing, you get information about the Prudential listing on the Lyon Real Estate site:
This sleight-of-hand is accomplished through a too-clever-by-half url manipulation, much to subtle to be noticed by the average consumer, but apparently kosher enough to pass muster from the Sacramento MLS — at least for now. What if Prudential gets upset that the click-through on one of their listings on a public MLS-ish site goes through to one of its competitors?
Here’s how (I believe) Roost and Lyon defend themselves: Look at the url. When you search in Sacramento, you’re not actually using the Roost site at all; you’re actually using the Lyon site (GoLyon.com). For as long as Lyon is the sponsoring broker, the search is being conducted at golyon.roost.com — a (sub)domain under the control of Lyon Real Estate — and hence in compliance with those silly old arcane MLS rules.
Watch what happens when you go back to the site. In my case, I ran another search, and this one was sponsored by Intero. Same results, same look and feel, but the search is now running at InteroRealEstateIDX.com…and sure enough, the click-through goes to Intero’s own site.
Very, very clever. I really like this part of their business model, for reasons I’ve explained before: The current real estate business model heavily favors the listing side of the equation, and I’ve been clamoring to the likes of Zillow and Trulia to think about buy-side advertising offerings. If I’m a small brokerage in Sacramento, and I currently only have, say, 5 listings, I could decide to spend, say, $5000 sponsoring X number of real estate searches in that market. The number one bait that still seems to draw eyeballs in real estate is listings, listings, listings, and if I don’t have many of my own, why not leverage those of my competitors?
Now for the questions of MLS legality compliance …without going into all the details, I tried something like this trick about 2 years ago. It involved subtle manipulation of a url so that searches on a heavily-trafficked site were done — technically — using a url that was under my control. A good lawyer could easily have argued that this was in strict compliance with all the MLS rules. No dice. Within hours I got slapped down — not just by the MLS, but by my own broker!
I certainly wish Roost all the best, but I’m afraid they’d better put a sign on their front door that says, “Couriers please deliver cease and desist letters here.” Any business model that requires MLS compliance involves by definition an order of magnitude more headache. Why do you think Trulia and Zillow decided to get their listing feeds straight from the brokers?
Further commentary:
- TechCrunch, predictably, gets a few facts wrong. It’s not clear they understand the difference between a broker (e.g. Redfin) and a listings site (e.g. Roost.) Also, if I understand this bit of fine print on Roost’s site, they don’t get their data directly from the MLS, but by piggybacking on broker IDX sites. Subtle but important difference.
- Dustin notes that piggybacking off IDX feeds is a great way to scale your listings database quickly, but it puts some pretty onerous restrictions on what you can do with the data.
- Michael Price explains the url sleight-of-hand.
- Jay Thompson notes that, once again, the business model is about brokers providing listings, then paying for traffic.
- Sellsius praises Roost’s comprehensive and accurate results.
And still more commentary:
* At the last Inman, Brian and I finally answered that great conundrum: Did his ancestors add on “o” or did mine drop an “o” at Ellis Island? The answer: neither. His ancestors are Italian, and mine Dutch. So no, we’re not related — except of course, through Lucy.
Tags: Alternative business models, Industry, MLS, Real estate, Roost, Trulia, Zillow
Vendus Encourigitis, Source of Home Selling Pheromones, Recently Spotted in Palo Alto
January 5, 2008
Recent sightings of Vendus Encourigitis — a local Palo Alto insect that emits pheromones that make sellers drop everything they’re doing and get their home on the market immediately — indicate that 2008 may turn out to be a similar year to several of its predecessors.
Here’s how this insect affects the local inventory cycle…
Buyers, sellers, and real estate agents go into Trypophan-induced hibernation around Thanksgiving, and tend not to wake up till early January. Not many new homes come on the market during that time, and not many buyers are out looking for them. This tends to be a time of uncertainty in the market: sellers are not confident about putting their homes on the market because, well, other sellers aren’t putting their homes on the market; similarly, many buyers are spooked out of the market because they aren’t seeing crowds of competition at open houses — ergo, this must not be a good time to buy.
Putting aside all questions of whether such assumptions and actions are rational or not, come January, swarms of Vendus Encourigitis descend on the city and — kablooei!!! — before you know it, the market gets unstuck, sellers finally put the for-sale sign up, and inventory starts its predictable upward march. Shortly thereafter, a related insect — Achetus Encourigitis — begins its work on the buyers, and sure enough, they descend en masse on open houses and begin buying.
Data provided by our friends at Altos Research shows us the pattern for the last couple of years: inventory is at a low at the end of the year, and begins to increase as soon as January rolls around:
A number of nearby towns exhibit similar patterns…
Saratoga:
Los Gatos:
What’s interesting about Los Gatos is that its beginning of the year inventory is somewhat higher than it normally is. Arn Cenedella* of Coldwell Banker notes a similar pattern in Menlo Park real estate, while Dave Blockhus*, also of Coldwell Banker, notes that Los Altos’ real estate inventory pattern is more similar to Palo Alto’s.
Further up the Peninsula, Burlingame has a similar pattern:
Roughly the same trend happens in many of the marquee towns up and down the Peninsula, while in the less tony towns a completely different picture is emerging — more on that in a later post.
* Dave and Arn are both clients of 3 Oceans’ sister company Domus Consulting.
Tags: Altos Research, Buyers, Coldwell Banker, Inventory, Menlo Park, Palo Alto, Real estate, Sellers
Ok, So Here’s Something You Can Do With A Tablet PC But Not With Docusign!
December 2, 2007
I love my Tablet PC (a Lenovo X41). The “Wow!” factor when folks see me swivel the screen or write on it is pretty cool, and it helps me do many things much more efficiently. As I mentioned yesterday, however, I don’t use the Tablet functionality for gathering electronic signatures for transactions; for that, I use Docusign.
A visitor to my Plugoo chat box this morning alerted me to this Tablet PC video, brought to us by Robert Scoble himself. Now that’s cool!
No tag for this post.
Paperless Transactions Without A Tablet PC
December 1, 2007
James Hsu’s recent Bloodhound article on (nearly) paperless transactions using a Tablet PC, PDF Annotator, and Microsoft OneNote showed an ingenious self-cobbled-together solution to a vexing problem in real estate: how to stop killing so many damn trees every time we sell a home! Purchase contracts and disclosure documents get longer each year, usually driven by the industry’s need to protect itself from lawsuits from people seemingly too stupid to be buying homes in the first place (”Mr. Jones, did you not notice that the new home you were buying was on a golf course? Why then were you surprised when a golf ball came sailing through your window?” Voila — the new Errant Golf Ball disclosure.)
James’ solution, and others involving Tablet PC’s — such as Vreo’s Dashboard — have the virtue of simplicity and ease-of-understanding: signing your name on a Tablet PC precisely mimics the act of signing your name on a piece of paper. No real learning curve, no complicated explanation of what it is you’re doing. This solution is perfect if two things are true: 1) You have a Tablet PC; 2) You do most of your deal paperwork in the same room as your clients.
Requirement 1) is becoming easier as Tablet PC’s drop in price. Requirement 2 is necessary because it’s unlikely that your clients have a Tablet PC of their own.
What if your clients are like mine — busy executives constantly traveling? More often than not, one of the parties needing to sign a document is out of town, and even if everybody is in town, it’s usually pretty inconvenient for me to drive to wherever they might be just to get a signature. In that scenario, a fax machine still beats a Tablet PC hands-down. Vreo’s Tei Baishiki and I discussed precisely that at the last Inman.
Enter Docusign, a Seattle company with a neat e-signature solution. (Full disclosure: I don’t work for Docusign. I’m not on their payroll. I don’t earn a nickel for any referrals I send their way. I simply love their product and am very loyal to my vendors. The only “compensation” I’ve ever received is that they’ve sent some reporters my way and I’ve gotten some free publicity for my business.)
Though requiring some re-assurance about the method and legal validity, Docusign’s product has been my lifesaver over the last three years. The first time my clients touch a piece of paper in a real estate transaction is at the closing table, and that’s because I have no control over the workflow processes of the title company and the mortgage company. All of the documents coming from me — contracts, disclosures, and all — are 100% electronic.
Need to write up a contract at midnight for presentation at 8am, though signer A is in New York, and Signer B is in Germany? Piece of cake. Need to submit a counter-offer in 10 minutes? Again, no worries.
Questions about its legal validity? I can’t answer that, but I can point to two facts:
- Winforms, officially sanctioned by CAR itself, has a handy little “Electronic Signature” button on the toolbar. This button automatically sends the documents into the Docusign signature system.
- CAR’s legal services department created a document on December 7, 2004, entitled, Electronic Signatures and Records in Real Estate Transactions. Said document clearly indicates — at least to my interpretation — that the large majority of real estate-related transactions can be legally consummated electronically. (Exceptions include things like evictions, utility disconnections, and seller financing disclosures.) In fact, both E-Sign and UETA — California and Federal government acts, respectively — state no signature, contract, or record relating to a transaction can be denied legal validity or enforceability solely because it is [in] an electronic format, or solely because an electronic signature or electronic record was used in its formation.
No tag for this post.
Damn The Torpedoes, Full Speed Ahead! Spicy Real Estate Blog Curbed.com Raises $1.5M; Real Estate Blogging Matures As A Medium
October 30, 2007
Curbed.com, the spicy real estate blog serving up rich tidbits of new developments, sold-out penthouses, celebrity real estate, Eichler porn, and other Gen-X and -Y delectables, just raised $1.5M in funding. (Source: the New York Times and WebProNews.com)
That’s right, folks, a blog — something unheard of in real estate a scant 18 months ago — has just raised $1.5M to expand its operations, and this despite the general nation-wide slowdown in the real estate market. Real estate blogging, my friends, is growing up. It’s not a passing fad, or a way for bored agents to spend time online. It’s becoming serious business.
Curbed’s business model is advertising driven, and while you wouldn’t be surprised to see companies like Trulia advertising there, the site has managed to attract a broader array of advertisers, including financial services and cars.
Want to predict the future of real estate blogging? Quite simple: read up on what’s happening in blogging in the technology and political worlds, both of which got in on blogging a few years earlier. Blogs like Robert Scoble’s and Michael Arrington’s (on the technology side) and Arriana Huffington’s (on the political side) have 8-digit valuations.
Congratulations Mssrs. Steele et. al!
[Update: I have not been able to find out what percentage of Curbed.com Mr. Steele had to part with to get the $1.5M in funding, leading to the obvious question: What is the current valuation of Curbed.com? Speculation here suggests somewhere in the range of $6M to $12M.]
Tags: Curbed.com, Industry, Trulia
Attention Glenn Kelman, Adam Koval, Lockhart Steele, Pete Flint, Krystal Kraft, and More: Gregory Garver of Brokers USA Is, Uh, Using Your Content…Here’s How Not To Start A Blog
October 27, 2007
I’m normally too busy to bother paying much attention to the growing legion of sploggers out there. If a post or two of mine gets “borrowed” (with or without a linkback) I normally let it slide, but I definitely start complaining if it becomes habitual. Most sploggers ride on a modest wave of Google Adwords-funded revenue for a few weeks, get shut down, and then move on. Sometimes a new re.net blogger springs up and decides it’s easier to “borrow” than to write content, but after a few polite email exchanges and explanations, they tend to shape up.
Occasionally, however, a pretty egregious case of content-borrowing comes across the transom. Imagine my surprise when this latest splog incarnation turned out to be affiliated with Brokers USA — whom I shall not grace with a linkback — which appears to be a respectable, buttoned-up, long-standing San Francisco real estate firm specializing in hospitality properties.
The site’s blog has 2 loooong content pages — which translated into roughly 180 pages when I saved them in a PDF. A few minutes of perusing these pages found content from
- My blog
- Redfin’s Bay Area blog
- Curbed.com
-
SocketSite
and, perhaps most creatively - Trulia Voices
The latter included a question on HUD ownership, graciously answered by Kristal Kraft and a few others.
In all fairness to the site’s “author” Gregory Garver, he responded fairly quickly to my email and fax request to take down my content. His response, however, indicates that he may not yet understand the basic decorum around blogging. Perhaps UCSB, his apparent alma mater, had no rules against plagiarism?
Tags: Brokers USA, Curbed, Industry, SocketSite, Trulia, Trulia Voices
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