Deal May Ease Online House Hunting
ROBERT SMITH, Host:
NPR's Yuki Noguchi reports.
YUKI NOGUCHI: The Multiple Listing Service - or MLS - is a critical tool for realtors. It's a database that contains almost all home listings in any market, so traditional realtors worried about allowing it to get into the hands of online rivals.
MICHAEL DAVIN: Anybody can see when consumers gain access to market data they don't need as much handholding when they buy a house as they would otherwise. Same thing if I'm buying a television set. I can do a lot of my research online, so when I go into the store I'm ready to buy.
NOGUCHI: Yuki Noguchi, NPR News, Washington.
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