eNeighborhoods Announces Real Estate Data Milestone with 630th IDX Agreement
BOCA RATON, Fla. (May 12, 2010) - eNeighborhoods, the nation’s premier compiler of home and neighborhood information, has reached a data-sharing milestone with its 630th MLS IDX listing feed, collectively representing over 4.3 million listings and more than 40 million photos. eNeighborhoods is a division of Dominion Enterprises.
eNeighborhoods provides IDX data aggregation and property search technology to major real estate brands like RE/MAX, Century 21, Coldwell Banker, and ERA. eNeighborhoods also provides IDX services to popular website providers like Advanced Access, Agent Advantage, and Number1Expert, also owned by Dominion Enterprises.
Each MLS that authorizes eNeighborhoods as an IDX provider is a distinct listing source with differences in the formatting of data, frequency of updates, and the policies required by the MLS to remain compliant with local rules.
“The technical aspects of IDX data aggregation are just the beginning. Each agreement involves trusted relationships between eNeighborhoods, Multiple Listing Service (MLS) organizations, and our mutual customers – the brokers and agents,” said eNeighborhoods Director of Data Services David Harris
Under Harris’s direction, eNeighborhoods has taken a leadership role in evolving standards for real estate data, through development of the Real Estate Transaction Standard (RETS). Harris was recently elected chair of the Real Estate Standards Organization (RESO) Research and Development workgroup. He will be participating in the “Business Cases for Standardization under the Real Estate Standards Organization” roundtable session at the NAR Mid-Year Conference in Washington, DC on Thursday, May 13.
“Our IDX property database powers some of the most popular consumer websites, so the information needs to be hosted in a high-performance, secure environment. We’re proud that our team has been able to develop an infrastructure that allows us to manage a vast amount of data while maintaining business rules to accommodate local MLS mandates for display on broker and agent websites,” according to Harris.
“Passing the 600 milestone and heading for 650 IDX agreements is a remarkable achievement for eNeighborhoods. We’re now covering a solid 90-95% of the national MLS footprint,” said Andy Woolley, vice president and general manager. “Even more important is the emphasis we’ve put on improving the quality of the data, through our data standardization efforts, geo-coding, adding commonly referenced neighborhood names, and updating more than one-third of our data feeds every 30 minutes to provide our customers with the freshest data possible.”
In addition to aggregating and maintaining listing information, eNeighborhoods delivers productivity tools that make it easy for brokers and their agents to display listings and generate their own traffic and leads.
IDX, or Internet Data Exchange, is an important real estate marketing technology that enables brokers to show listings from local MLS organizations on their own websites. IDX agreements benefit brokers by enabling them to generate exclusive traffic and leads to their own websites.
About eNeighborhoods
eNeighborhoods, a division of Dominion Enterprises, is the nation’s premier compiler of real estate related home and neighborhood information, providing the real estate and marketing services industries with a comprehensive set of marketing and analytical tools. In 2002, eNeighborhoods became a partner in the National Association of REALTORS REALTOR Benefits Program. The company provides MLS data sharing and marketing tools to top MLS organizations in the United States, Canada, and Australia. The company maintains strategic alliances with major real estate franchisers, including CENTURY 21, Coldwell Banker, ERA, EXIT Realty, GMAC, Keller Williams, Prudential, Realty Executives and RE/MAX International as well as many of the major independent brokerages. eNeighborhoods is the proud founding sponsor of NARs Good Neighbor Awards which educates, encourages and rewards outstanding community service by real estate professionals throughout the country. For more information on the company, visit www.eneighborhoods.com.
About Dominion Enterprises
Dominion Enterprises is a leading marketing services company serving the automotive, enthusiast and commercial vehicle, real estate, apartment rental, and employment industries. The company’s businesses provide a comprehensive suite of technology-based marketing solutions including Internet advertising, lead generation, CRM, Web site design and hosting, and data management services. The company has more than 45 market-leading Web sites reaching more than 16.7 million unique visitors, and more than 450 magazines with a weekly circulation of 4.3 million. Headquartered in Norfolk, Va., the company has 5,400 employees in more than 200 offices nationwide. For more information, visit http://www.DominionEnterprises.com.
