Porch.com Continues Real Estate Momentum as Porch Home Report Requests Exceed 6 Million in First Year

Porch Welcomes Estately, HomeFinder.com, iHomeFinder.com, ListHub and Others to the Home Network

SEATTLE, Apr. 24, 2015 (GLOBE NEWSWIRE) -- Porch.com (http://porch.com) a data driven home services network for homeowners, home improvement professionals, and real estate agents announced today agreements with ten innovative and industry leading real estate companies.

As the Porch prepares for tremendous growth, they are thrilled to welcome Estately, HomeFinder.com, iHomeFinder.com, Tribus, PlanetRE, Properties Online, TORCHx, Virtual Results, New Media MLS, and ListHub to the Porch family of integrated services.

Momentum has been driven by surging adoption of the Porch Home Report. Launched in March 2014, over 6 million Porch Home Reports have been requested to date by prospective homebuyers.

In addition to existing partnerships with Windermere Real Estate and Moxi Works, the new partnerships announced today will bring the Porch Home Report to more than 25,000 real estate websites in the United States.

The Porch Home Report is a free, innovative resource for understanding the remodeling and project history of a specific home and its neighborhood. Built using data and insights from the Porch home network of over 3.2 million professionals and over 130 million projects, the Porch Home Report provides a level of insight and information that can be used to inform the home research process.

A Porch Home Report includes home improvement project history, the cost and details of remodels and projects, background information for professionals that have previously worked on the home and neighborhood, and vital neighborhood statistics, such as how long neighbors have lived in their homes and the size, age, and cost of comparable neighborhood homes.

“These agreements reflect excitement we have received from the real estate industry for the Porch Home Report and the unique data that only Porch has,” said Matt Ehrlichman, Chief Executive Officer and Chairman of Porch. “Home improvement history is information everyone should have when researching a home. Every day the 3.2 million home service professionals on Porch upload their completed projects, building out an increasingly unique and rich data set. Our strategy complements the real estate industry perfectly – we don’t want to compete or be the place homeowners go to buy a home, but to simply provide the Porch Home Report to a network of real estate companies to make their experience better.”

Here are what some of the new partners have to say about their partnership with Porch.

Estately: “Porch’s deep database of home improvement offers home buyers unique information they can’t find anywhere else and gives them a real advantage in evaluating a home for sale. We are excited to bring the Porch Home Report to our audience of over three million home shoppers every month.” Galen Ward, Co-Founder and CEO of Estately

HomeFinder.com: “Similar to the Porch platform for home improvement professionals, HomeFinder.com offers a rich home search experience easily accessible from any device. Partnering with an innovative company like Porch will provide even more relevant information on the home and further bolster the already great user experience on HomeFinder.com.” Doug Breaker, President and CEO of HomeFinder.com

iHomeFinder: "iHomeFinder is always looking for new ways to provide value for our real estate agents and brokerage clients. With the Porch Home Report, we are able to provide our clients with engaging content that keeps prospective buyers and sellers on their iHomefinder-powered IDX websites.” Brett DeSchepper, CEO of iHomefinder

PlanetRE: “planetRE is excited to be partnering with Porch as we work together to bring continued innovation to our customers. Through the data and insights of the Porch Home Report we will be able to help consumers on our branded agent portals attract higher quality leads, revisits, and an overall higher lead conversion rate.” Subrao Shenoy, CEO of planetRE

Properties Online, Inc. : “At Properties Online, we are excited to offer the Porch Home Reports on our Single Property Websites. The Porch Home Reports are a fantastic tool for buyers needing to quickly access a property listing’s renovation history. The lead-capture functionality, that Porch provides our users, is the icing on the cake!” Amanda Cornelius, CEO, Properties Online, Inc.

Tribus: “At TRIBUS, we pursue any strategy that gives a homebuyer more confidence to work with one of our brokerage clients. Integrating Porch Home Reports onto each of our over one million home listing pages provides potential clients deep insight into a home's past thereby creating trust with their agent.” Eric Stegemenn, Director of Strategy at Tribus

Porch Home Experience By The Numbers:

Since its March 25, 2014 launch the Home Experience group at Porch has been working to bring the insights of the Porch Home Report to millions of homeowners. First year highlights include:

Over 6 Million Porch Home Reports have been requested since March 25, 2014
Over 25,000 real estate websites and brokerage firms now offer the Porch Home Report
Porch Home Reports are now available for 100% of homes in the United States
The State of Florida has requested the highest number of Porch Home Reports
About Porch
Porch is the home network, free for homeowners and home professionals. With over 3.2 million professionals and over 130 million projects, Porch enables homeowners to make smart home improvement decisions by giving them the information they need to find the right professionals, get inspiration, and manage their home. For more information about Porch, visit http://porch.com and to download the Porch App at http://porch.com/app

MEDIA CONTACT

Jessica Piha
jessica@porch.com
206-516-6240
Press Assets: porch.com/about/press
Twitter: @porchdotcom
Facebook: /porchdotcom
Google+: /porchdotcom
- See more at: http://globenewswire.com/news-release/2015/04/24/728241/0/en/Porch-com-Continues-Real-Estate-Momentum-as-Porch-Home-Report-Requests-Exceed-6-Million-in-First-Year.html#sthash.kYCo9MWE.dpuf