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2008-08-12 — mybudget360.com
The access to information for the consumer has never been so great. This is especially true for housing. Ironically these tools which allow transparency also fueled the bubble. It wasn't that tools like Zillow had inaccurate information via Zestimates but it simply reflected a national mania. If you are looking at comps and everything is inflated the price really doesn't imply sustainability. Also, tools like Google Maps and discount brokers like Redfin and ZipRealty ensure that this will be a very different recovery when it does arrive. This technology will now actually make the correction much longer and painfully transparent. Instead of looking at quarterly reports, people can look at the daily price changes on their own and neighbor's homes. It'll be like watching grass grow for many. source article | permalink | discuss | subscribe by: | RSS | email Comments:
funnylookin at 01:54 2008-08-13 said:that may be the most rediculous commentary I've ever heard. I know I'm being overly critical but Zillow and Google maps are going to keep the housing market from recovering??? Information has never been more abundant then in the last 5 years and have you talked to people? They are as stupid as I've ever seen. I think I can judge the housing bottom by the articles that are highlighted on this website. If this is housing "news" we should be on our way back to 560 stated w2 @ 100%. MLN anyone? Embarrasing. Permalinkadd a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |