HotPads is a rentals and real estate marketplace launched in 2005 that enables users to search for housing using an interactive map. Listings are displayed at their addresses, allowing users to conduct a location-based search. Through the graphical interface, users click on individual property listings depicted by color-coded building icons.
In 2012, HotPads.com was acquired by Zillow for $16 Million.[1]
In August 2014, HotPads launched an updated version of the site.[2]
Background
HotPads was founded in 2005 by Matt Corgan, Douglas Pope, and John Fitzpatrick. The site currently lists 4 million for-sale properties and 500,000 rental properties,[3] with its most densely listed areas being New York City and Washington DC.
In 2006, based on information from 2006, HotPads operated with a staff of 10 people out of Washington, DC.[4] In 2011, HotPads relocated to San Francisco[5] where it currently operates from the Zillow San Francisco office.[citation needed]
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