SANTA CLARA, Calif., Aug. 23, 2017 /PRNewswire/
-- Realtor.com ®, a leading online real
estate destination operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary Move, Inc., today announced the
release of My Home, a new feature available on
realtor.com®'s desktop and mobile site which empowers homeowners to manage their home as an investment. The feature
puts a stake in the ground to expand realtor.com® beyond search and become an indispensable resource to homeowners
throughout their ownership journey.
With My Home, realtor.com® provides homeowners with easily accessible tools and
information needed to have a complete, all-in-one view of their home value, equity, financing options, neighborhood activity and
trends, as well as home improvement projects that add value to their home.
"At realtor.com®, we help people with one of the most basic and most important needs – their homes – which is often
the biggest investment most people will ever make," said Ryan O'Hara, chief executive officer of
Move. "Yet, the time they spend managing this asset once they are in the home is really limited. We're changing that with
My Home. Now with personalized data at their fingertips, homeowners have more insight into their
investment and are better equipped to make decisions such as when to sell or when to invest in upgrading their home to their
dream home."
As part of My Home, realtor.com® is introducing an enhanced home value estimate for
homeowners that utilizes lender-grade valuation models to provide a better estimate of what a home is worth today and in the
future. When an owner first enters My Home the dashboard provides an estimate of mortgage payments
and equity, assuming a 20 percent down at the time of purchase. An owner can then update My Home
with their current mortgage information to track payments and outstanding principal. It also shows financial savings options
based on current mortgage rates and equity options.
My Home taps into a growing generational trend of people staying in their homes longer. In
1985, about 10 percent of all homeowners were recent movers and in 2015, that figure dropped to five percent. As people stay
in their homes longer, they have more equity in their property making it even more imperative to manage their home as an
investment.
For those looking to embark on a renovation, My Home leverages Remodelista, Move's design
inspiration website, to inspire homeowners with a one-stop sourcebook for curated remodeling guides, daily design inspiration,
and ideas for every room in the home.
My Home is available today at realtor.com/myhome. This initial launch will provide an
opportunity to tailor the experience for homeowners, while introducing additional home management tools over time.
My Home is not a replacement for the value gained from speaking to a local real estate
professional about the value of a home. It is a helpful feature for homeowners who want to manage their home as an asset and
track the estimated value of their home.
For more information, please visit: http://www.realtor.com/homemade/my-home/
About realtor.com®
Realtor.com® is the trusted resource for home buyers, sellers and dreamers, offering the most comprehensive source of
for-sale properties, among competing national sites, and the information, tools and professional expertise to help people move
confidently through every step of their home journey. It pioneered the world of digital real estate 20 years ago, and today helps
make all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV]
subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS.® For more information, visit
realtor.com®.
Media Contact:
Realtor.com®
Lexie Puckett Holbert – lexie.puckett@move.com
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SOURCE realtor.com