House price appreciation slows further

Myers web property purchased by CarsDirecttype author here..lead technology, BestRate.com, LoanApp.com, mortgage Web sites CarsDirect has acquired several mortgage Web site properties from Myers Internet Inc. As part of the agreement, CarsDirect acquires Myers' mortgage lead technology platform and its consumer brands BestRate.com and LoanApp.com. The acquisitions will complement CardDirect's current mortgage Web sites, LoanStore.com and CheckInterestRates.com. The company also operates the automotive and home financing sites CarsDirect.com, Autos.com, LoanStore.com and CheckInterestRates.com. "Welve been very impressed with the CarsDirect vision and management team, and believe that they are the right company to take our consumer brands BestRate.com and LoanApp.com to the next level," said Warren Myer, CEO of Myers Internet. Based in Los Angeles, CarsDirect is a network company of Idealab, a creator and operator of technology businesses. Headquartered in San Jose, Calif., Myers Internet Inc. provides Web hosting, lead generation and back-office systems to mortgage originators and real estate agents. For more information, visit www.carsdirect.com or www.myersinternet.com.