According to Inman.com, on April 7, 2015, Zillow would no longer be getting updated Multiple Listing Service (MLS) listings, the listings of homes for sale that is updated by Realtors®. The MLS is closely monitored for accuracy with the realtors license held up as credibility for the content of the property data. If they post inaccurate information about a property, they could be fined.
Once this little secret is discovered, it may be that prospective home buyers will no longer use the outdated information provided by Zillow as the first step to home buying, and opt to rely on a Realtor’s® knowledge to find the home that meets their requirements for them. Continue reading →
Everyone knows the social advantages of home ownership. However, some question the financial benefits of owning a home. Three recent studies shed some light on the issue. RealtyTrac recently released a reportcomparing home price appreciation to wage growth over the last two years. The study revealed that home price appreciation has outpaced wage growth in 76% of U.S. housing markets during that time period. By how much? Here is a graph showing their findings: