News Brief
Real Estate Second-Biggest Online Advertiser
May 20, 2011, 4:57 PM
The real estate sector in the U.S. is now the second-largest spender on online advertising, reports Adweek-- after general merchandise retailers and driving ahead of the auto sector, citing a new Borrell Associates study. It notes that in 2010, the real estate sector spent $20 billion on advertising in total, of which $8.9 billion was online. Borrell projects that total spending by the sector in 2011 will hit $22 billion; $9.1 billion will be online.
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