Zillow acquired Trulia last week for $2.5 billion in a stock-for-stock transaction. When Zillow closed on the Trulia purchase, ListHub used that opportunity to no longer send Trulia listing data. Trulia got their listing data from ListHub. ListHub produces a home listing syndication to more than 560 MLSs and 80,000 brokers across the country, which sent thousands of listings to Trulia. However, ListHub is owned by Move.com, which is now the chief competitor to the new Zillow and Trulia combination.
The original agreement between Trulia and ListHub ends in June 2016. Zillow has filed a temporary restraining order to force ListHub to keep sending listings to the Zillow and Trulia combination for the time being.
Smart on Move.com’s part, now its largest competitor is in a crunch to produce their own listing syndication tool. The new system will be called “Data Dashboard” and will receive listings directly from brokers and MLSs. What that means to real estate investors is that while Zillow is in the process of developing Data Dashboard, investors won’t have access to fresh MLS listing data.