Founded | 2004 |
---|---|
Headquarters | San Francisco, CA, USA |
No. of locations | 4; San Francisco, CA, New York, NY, Denver, CO, and Bellevue, WA |
Area served | United States of America |
Founder(s) | Pete Flint, Sami Inkinen |
President | Paul Levine |
Industry | Real Estate |
Revenue | US $144 million (FY 2013) |
Employees | 900+ |
Parent | Zillow Group |
Website | Trulia.com |
Alexa rank | 465 (October 2014) |
Users | 57 million monthly unique visitors (July 2014) |
Launched | September 23rd, 2005 |
Trulia is an online residential real estate site for home buyers, sellers, renters and real estate professionals in the United States. It lists properties for sale and rent as well as tools and information needed to be successful in the home search process. The company is headquartered in downtown San Francisco and has offices in New York City and Denver, Colorado.
On July 28, 2014, Zillow announced a deal to buy Trulia for $3.5 billion.
Trulia's founders Pete Flint and Sami Inkinen met at Stanford Graduate School of Business. In 2004, while looking for off-campus housing while studying for his MBA, Flint was surpised to discover that the community information available online was often insufficient, out of date or both. Flint and Inkinen took this opportunity to simplify the process of finding a new home through technology.
In September 2005, Trulia launched its beta product, originally only serving properties in California. Soon after, with growing demand from listing agents wanting to give their listings more visibility nationwide, Trulia rolled out across the United States less than a year later.
In a 2012 review, Trulia reported 22 million monthly unique visitors.
In July 2012, Trulia filed for an initial public offering and stated they would trade on the New York Stock Exchange under the symbol "TRLA." In August 2012, Trulia revealed they would plan to raise up to $75 million in the IPO. The IPO was priced at $17 per share, and began trading on September 20, 2012 at an opening price of $22.10.
In May 2013, Trulia announced plans to acquire Kirkland, WA-based Market Leader Inc. for $355 million, expanding its offerings for real estate agents. The acquisition officially closed on August 20, 2013.
On July 28, 2014, Zillow announced a deal to buy Trulia for $3.5 billion.
As of November 2014, Trulia's offices occupy one third of 535 Mission Street in San Francisco.
Trulia offers a variety of real estate transaction-related products and services for consumers and realtors. These are delivered via their website and mobile apps.