Posted To: Pipeline PressSome are fond of saying, “Zillow’s never set foot in a house.” But the company is a force to be reckoned with, especially now that it is in the process of buying a lender (MLOA). And regardless of your opinion is about services like Zillow’s Zestimates, there is no doubt they have changed the way Americans research housing prices. How accurate are online pricing calculators? While I’m on the topic, by several measures housing is slumping. Pending sales are down Y-o-Y for seven straight months, existing sales have fallen four months in a row, home price increases are slowing, as are starts, homebuilder share prices are struggling, and inventory looks to be finally bottoming. Yes, rates are higher than a year ago, but have been stable for several months. Experts…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631