«The market should continue its slow march back to normal, as annual (price) appreciation rates fall to more sustainable levels around 3 percent,» said Stan Humphries, chief economist at real
estate data provider Zillow.
Not exact matches
There's an old argument in the real
estate industry that you've probably heard — listing
data is aggregated by real
estate search sites like
Zillow, which makes big bucks on that free firehose of
data, but doesn't send a cut of said profits back to the content
providers (and should).
Midwest Real
Estate Data, the multiple listing
provider for the Chicago area, does not have any agreement with
Zillow, said MRED spokesman Jeff Lasky.
This month, two MLSs dropped Diverse Solutions as an approved
provider of Internet
Data Exchange (IDX) services for members, citing the company's acquisition by real
estate portal
Zillow in November.
For a median - priced home with an average mortgage rate, it would increase mortgage payments by $ 564 a year, according to
Zillow, a real
estate data provider.