Zillow’s recent gloomy attention grabbing headline stating “If you buy now, it can take 13.5 years to make a profit on your home sale” has been creating quite a buzz with various media outlets. I thought I’d run some scenarios to compare. [Read more…]
Does Zillow’s Gloomy Article on Buying Now Pencil Out?
November 10, 2023 by Leave a Comment
Redfin releases “Redfin Estimate”
December 6, 2015 by Leave a Comment
Redfin has unveiled their online home valuation estimating tool called (ready…) “Redfin Estimate”.
I’m doing some quick comparisons and from what I can tell so far by checking out homes in my West Seattle neighborhood, Redfin seems to offer more accurate home value estimates than Zillow’s Zestimates.
Main Stream Media Misses Message on Mortgages [Rant Warning]
August 14, 2013 by 6 Comments
Recently a piece that was aired on ABC news about mortgages and was brought to my attention. It’s been a long time since I’ve seen something so misleading and sensational about what consumers should watch for when obtaining a mortgage.
The segment features Erin Lantz from Zillow who claims to have saved a couple thousands of dollars on their home mortgage. Erin is Zillow’s Director of Mortgage Business and prior to Zillow, her lending career was at Countrywide and Bank of America, during the subrime era.
Hope for HARP 3.0 and #MyRefi
August 7, 2013 by 2 Comments
Today President Obama answered questions submitted by social media savvy Americans which was moderated by Zillow CEO, Spencer Rascoff. It seemed to me the most common questions were concerning HARP 3.0. HARP 3.0 (Home Affordable Refinance Program) is currently a hypothetical expanded version of HARP 2.0 and would allow for more home owners, including those in Washington state, to refinance their homes at present low rates.
Do you have a question for President Obama about housing?
August 6, 2013 by 6 Comments
Here’s your opportunity to ask President Obama your question related to housing, including mortgages. Are you wondering why we don’t have HARP 3.0 yet? Or perhaps why HUD does not allow an FHA streamline refi to a shorter term if it increases the payment (even if the borrowers qualify for the increased payment)? Maybe you’re wondering why would bank and credit union loan officers only be registered and held to the same standards as a licensed loan officer?
Search for foreclosed homes on Zillow
October 26, 2012 by 2 Comments
Zillow has added a “foreclosure center” where you can search for foreclosed homes in your neighborhood. The search includes bank owned homes (REO) and pre-foreclosures (a home that is getting to auction).
Here’s a snap shot of what Zillow is showing as current foreclosures in West Seattle. The red houses are foreclosures and the blue houses are pre-foreclosures.
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