Zillow Buys Trulia for $3.5 Billion
The real estate agent community is coming unglued with this announcement. They view it as another threat to their existence and the local MLS system. It really isn’t, as neither of these sites have direct access to MLS data, so the real estate community will still have the most accurate and up-to-date listing data out there.
S & P Case-Shiller Home Price Index Shows Slow Improvement
The S & P Case-Shiller Home Price Index is the most widely-watched indicator of home price movement. The index posted a 9.3 percent increase in the May monthly data year-over-year. This was down from a 10.8 percent increase in April.
Altos Says Ignore the Naysayers – Housing to Boom in 2015