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CityRealty

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Daniel Levy—president and CEO of CityRealty—recently sat down with The New York Times to talk real estate, metrics, and his site, which is celebrating its twentieth anniversary this year. Somewhat surprising revelations include the fact that CityRealty makes the bulk of its money by taking a referral fee of 20 to 30 percent of a broker's commission on successful deals. Unsurprising revelations: Levy's pleased with the way the market looks, since demand is so high and new, massive projects "tend to have relatively few units" and are "priced accordingly." In other words, if you're not a millionaire, you're still screwed. [NYT]