June 15, 2011
Seattle-based Zillow, which introduced automated home valuations known as “Zestimates” several years ago, said it has improved and expanded they way it evaluates homes, its third major overhaul since 2006. According to Stan Humphries, Zillow’s chief economist, the company’s third algorithm allows the company to evaluate 97 million homes (up from 72 million) while being [...]
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June 9, 2011
First-time homebuyers are critical to the housing industry. Once they get in the door, this enables the former first-timer to move up, etc. In a nutshell, first-time buyers help to keep the housing ladder moving. What has skewed this traditional ladder is the number of distressed homes on the market. There are more homes than [...]
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