The teams from Yahoo!, Zillow and Trulia got together recently to hammer out the details for the new real estate listings data standard.
Especially in todays housing slump, real estate brokers are looking to online players to help market their listings. The problem is that each site has its own data format. So it makes a lot of sense for three of the leading players to help create one way to move the data around. This should be a huge win for developers in the real estate space.
In this video, Yahoo! Real Estates Steve Schultz interviews a number of the participants to learn more about the motivations behind and details surrounding the effort.