Hubzu™ Data Further Validates Consumer Adoption of Online Home Buying and
LUXEMBOURG, Jan. 24, 2013
LUXEMBOURG, Jan. 24, 2013 /PRNewswire/ --Hubzu today released new data
regarding home sales through its online marketplace. This newly released data
further validates the impact of Hubzu's efforts to make the online home buying
and selling process easy, efficient and transparent from start to finish.
(Logo: http://photos.prnewswire.com/prnh/20120917/PH75166LOGO-b )
The Hubzu data validates that buyers and sellers have embraced Hubzu.com, its
online real estate marketplace:
oHomes sold in 2012 received an average of 9.0 bids and offers vs. the
national average of 3.1 offers per property.^1
oHome buyers placed in 2012 an average of more than 26,000 monthly bids and
offers on properties for sale.
oMore than 63,000 homes have been sold through the Hubzu online
marketplace^2, with nearly 30,000 closings in the past twelve months.
o285,000 users have registered and more than 6.3 million pages are viewed
"We've reached a tipping point," said Scott Wielar, General Manager of Hubzu.
"It's clear that the Hubzu user experience, shortened sales cycle and fully
transparent process attract more than just the early adopters. We see a
vibrant marketplace evolving, as consumers and brokers take advantage of new
technology to do more than just research. They are buying and selling homes
entirely online," Wielar added.
"The experience we've developed consistently delivers results that pace well
ahead of industry standards. We intend to increase the inventory of homes for
sale, increase buyer traffic, continue to roll out functionality enhancements
and add new features – all to ensure an easier, more transparent and faster
online buying and selling experience for real estate agents, investors and
consumers," concluded Wielar.
Hubzu is an online residential real estate marketplace that makes it easy for
consumers, investors and brokers to buy and sell homes. From start to finish,
Hubzu provides an entirely online experience – from searching and bidding to
financing and closing. Hubzu is a trademark of Altisource Solutions, S.a r.l.
Hubzu is part of the Altisource Portfolio Solutions S.A. family of businesses.
Additional information is available at www.hubzu.com or follow us on Facebook
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is a global provider of
services focused on high-value, technology-enabled, knowledge-based solutions
principally related to real estate and mortgage portfolio management, asset
recovery and customer relationship management. Additional information is
available at www.altisource.com.
^1 Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey (May 2012).
^2 Homes sold figures include transactions completed through the GoHoming™
Investor Contact: Press Contact:
Michelle D. Esterman M. Scott May
Chief Financial Officer Director of Marketing and eCommerce
+352 2469 7950 770-612-7316
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