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Google Makes Real Estate-AdWords Arrangement

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Google’s in it for the long haul – the search giant just signed a three-year deal with Network Communications, “the leading publisher of printed and online real estate information in North America.”  At stake?  AdWords.

“We are excited to offer our advertisers the opportunity to expand their online presence through Google AdWords,” stated Glenn Goad, Network Communications’s executive vice president of consumer strategy, in a press release.

He then continued, “The model for how consumers search for and sell homes continues to change and the Internet has been a driving force behind this evolution.  Our partnership with Google allows us to provide even more highly effective and targeted online real estate marketing services and products to our customers.”

Online real estate has been a pretty hot field lately; just in the past couple of weeks, Yahoo Real Estate partnered with NewHomeSource.com and Redfin secured $12 million in funding.  That’s one competitor and a lot of cash on the move, from Google’s perspective (although I suppose it’s me, not Google, that regards $12 million as “a lot”).

So the arrangement with Network Communications shouldn’t come as a huge surprise.  But as the official release notes, “The signed deal makes NCI the first company in the real estate marketplace that Google has partnered with in this way.”

Hat tip to the Silicon Valley / San Jose Business Journal.

Google Makes Real Estate-AdWords Arrangement
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  • http://www.growstrong.com/door.htm Vern

    That is really interesting — adwords arrangement?

  • http://www.trebtulare.com Visalia Homes for Sale

    I am actually an independent distributer who publishes one of the 500 markets of Real Estate Books. Really, what this does is puts a face with the name Google to our clients (Realtors). We are able to consult with them and help them in their internet marketing by offer Google ad word products as well as our vast array of print/online products. All in all it’s a great solution for Real Estate professionals on a local level.