INPHO, Inc. and Yahoo! Deliver Valuable Information to Homebuyers, Home Owners and Home Sellers New Agreement Enables Yahoo! Real Estate Users to Instantly Find Purchase Price, Sale Date and Addresses of Houses and Condominiums Sold Since 1992 CAMBRIDGE, Mass., Nov. 5 /PRNewswire/ -- Whether looking to make a wise offer when buying a home, challenging a property tax assessment or estimating home equity for refinancing or estate planning purposes, Yahoo!(R) Real Estate now delivers timely access to valuable information on home prices. INPHO, Inc., the nation's leading online provider of home price data to consumers, today announced an agreement with Yahoo! Inc. (Nasdaq: YHOO), to distribute its property information to the new Home Values area of Yahoo! Real Estate ( realestate.yahoo.com ), a comprehensive resource for buying, selling, and owning property. Yahoo! users can now quickly and easily access data on nearly 20 million home purchase prices across the United States available within the last five years provided by INPHO Inc.'s Home Price Check service (SM). By going to the new Home Values area on Yahoo! Real Estate, Yahoo! users can simply enter a location or a price range to find purchase prices from home sales records. For example, users can search for a specific home address to see what the sales price was for the property. Users can also look up the sales records for houses on a particular street or within a certain range of address numbers on a street. If looking to move to a particular city, users can also enter the name of the city and find a list of purchase prices of all recorded homes sold in a certain price range. "Direct access to home price information enables buyers and sellers to feel confident about their pricing decisions. It also helps real estate professionals by shortening the sales cycle," said Steven Kropper, president of INPHO, Inc. "As with all financial markets, access to good information such as that offered in the Home Values area of Yahoo! Real Estate can help replace speculation and uncertainty with facts. By teaming with Yahoo!, we can inform consumers so that they can make smarter choices with regard to one of the most important purchasing decisions of their lives." "Through Yahoo! Real Estate, Yahoo! continues to provide valuable information to our users to help them make informed decisions about property- related purchases," said Jim McCarthy, senior producer, Yahoo! Real Estate, Yahoo! Inc. "The new Home Values feature continues to enhance our popular real estate area and helps consumers understand the real estate market. Working with INPHO., Inc.'s home pricing information, Yahoo! users can better determine what to pay for a home, or how to price a property for sale." Through the new relationship, consumers have access to home prices and can gain insights into the real estate market within a particular area or certain region. What was previously only possible with a trip to the county courthouse, country deed registry, or a local real estate professional's office, is now possible online through the Home Values area of Yahoo! Real Estate free of charge. This new service gives home buyers and sellers more independent information, which will help give all parties more control over the purchase and sale of a home. It also provides information to enable the public to check the equity in their home which can help the user to see if their insurance coverage is sufficient or to file a property tax appeal if the user determines the assessment was not accurate. In addition to the Home Values area, Yahoo! Real Estate connects users with real estate and rentals listings and features school reports, city and salary comparisons, and industry news, as well as home loan and insurance centers. Yahoo! Real Estate is part of Yahoo! Classifieds, the leading classifieds Web site among home and work users. (Media Metrix, September 1998.) About INPHO, Inc. (INPHO) Founded in 1989, INPHO is a privately held new media company whose goal is to use the electronic information delivery media of telephone, facsimile and the Internet to give consumers timely access to valuable public information. INPHO's flagship service is the Home Price Check(SM), a unique database of nearly 20 million U.S home purchase prices. INPHO created consumer access to home price data and pioneered the backend e-commerce model that links move- related vendors to home buyers and sellers who use the Home Price Check. By pointing a Web browser to www.homepricecheck.com, consumers can instantly find the purchase price, sale date and address of houses and condominiums sold since 1992. INPHO aggregates deed and tax data from a network of the country's premier regional data compilers. This basic home price data is made available to the public through sponsorships of businesses who want to reach homebuyers and sellers before they move. INPHO is headquartered in Cambridge, Massachusetts. Yahoo! and the Yahoo! logo are registered trademarks of Yahoo! Inc. All others names are trademarks and/or registered trademarks of their respective owners. SOURCE INPHO, Inc. -0- 11/05/98 /CONTACT: Robert Deutsch of INPHO, Inc., 617-868-7070 Deutsch@inpho.com/ /Web site: realestate.yahoo.com /Web site: www.homepricecheck.com/ -- NETH029 -- 7344 11/05/98 15:54 EST prnewswire.com Copyright PR Newswire 1998. All rights reserved.
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