This is me last month, at the time of the Zillow.com’s most-recent software release: In the world of Trulia.com — and other listings.bots focused on evanescent listings — users come and go. On the idealized Planet Zillow, users come and stay. Home buying is at most an 18-month effort undertaken every seven to ten years, […]
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Arizona State Senate Bill 1291, as amended to assure the legality of consumer-oriented Automated Valuation Models such as that used by Zillow.com, passed the Arizona House today by a vote of 52-3, with five members not voting. The bill will be transmitted back to the Arizona Senate for reconsideration there. The amendments, proposed last Monday […]
Jay Thompson, The Phoenix Real Estate Guy, clued me in to an email he got yesterday, which I was supposed to get as well. Mine didn’t come because the email address was wrong. Jay deals with the substance of the email in the post linked above, but here’s the meat of the matter: Why are […]
In general, newspapers influence people who are paying attention, a small but inordinately important minority. Today the East Valley Tribune, clarion of the populous suburbs east of Phoenix, came out strong for Zillow.com and other consumer-oriented Automated Valuation Models: Arizona home buyers and property speculators are fortunate the state Board of Appraisers did something against […]
This is me in today’s Arizona Republic (permanent link). This goofy little column often “breaks news” in the sense that I cover facts that have not yet been reported by the Republic‘s real estate reporters. Normally I keep this to myself, because I don’t want to frighten the people who were kind enough to give […]
The news is simple enough: “Representative Stump moved that the House reconsider SB 1291 on Monday, March 30, 2007. Motion passed v/v.” That last little bit says the motion passed on a voice vote. This again would be the Third Reading. If the amended bill passes by a two-thirds majority, it would have to go […]
Arizona appraisal bill, amended to permit AVMs such as Zillow.com to operate in state, fails to pass
Arizona SB 1291 failed to pass Tuesday afternoon in the Arizona House. The bill would have required a two-thirds majority and passed by less than that. I’ll post further when I know more. Further notice: Here’s what it all means: To have passed, the bill would have had to have passed by a two-thirds majority. […]
From a press release from the office of Representative Michele Reagan: Arizona homeowners can still access their “zestimates” with the preliminary approval Monday of a bill that bars the Arizona Board of Appraisal from torpedoing online businesses that provide property value estimates. An amendment sponsored by Rep. Michele Reagan to SB1291 allows web sites to […]
I was interviewed by KTAR Talk Radio in Phoenix today about the State of Arizona’s attempts to shut down Zillow.com. We end up with a 37 second story, which actually turns out to be a fairly decent distillation of the whole story. < ?php include("Zapraisails.php"); ?> Technorati Tags: arizona, arizona real estate, phoenix, phoenix real […]
The Phoenix RE.net is heard from in a big way in an article that will appear in Sunday’s Arizona Republic about the State of Arizona’s attempts to stifle Zillow.com. Writes reporter Peter Corbett: A state agency’s efforts to stop Zillow.com from offering property-value estimates in Arizona are drawing criticism from some Realtors who think regulators […]
Zillow notes: Jay Thompson, The Phoenix Real Estate Guy asks “Why do so many agents fear Zillow?” He makes the same point in a BusinessWeek article on the Seattle-based Realty.bot. Brian Brady, America’s Most Opinionated Mortgage Broker and a BloodhoundBlog contributor, covers some of the same ground: “Is your Realtor threatened?” Both gentlemen are objecting […]
I read a lot of science fiction when I was a kid (more INTx evidence). One of my favorite books was Voyage From Yesteryear by James Hogan.The plot turned on the conflict between an economy like ours, based on scarcity and hoarding, and a radically different economy based on abundance and sharing. At the time […]
From the Arizona Republic (tipped by Adam Tarr and Sharon Kotula): An Arizona regulatory board has ordered Zillow.com to stop offering its online estimates of home values. The Arizona Board of Appraisal has issued two cease and desist letters to the popular real estate Web site, claiming Zillow needs an appraiser license to offer its […]
by Brian Brady
Commercial Real Estate Finance Expert
Structured Debt and Equity
Licensed Real Estate Broker in AL, CA, and FL
I’m pleased with the first week’s run of my EZ Ads on Zillow; my hypotheses were mostly correct and I received a $500 loan commission from the ads. I’m making ten times the investment so that works for me. From Zillow: Loans For Long Beach 04/05/2007 04/12/2007 774 2 Downtown Condo Loans 04/05/2007 04/12/2007 […]
Michael Wurzer and others are tying themselves up in knots trying to prove that they understand what Zillow is doing wrong. My take is that they don’t even understand what Zillow is doing, so, necessarily, it’s going to look wrong to them from their frame of reference. I said this the other day, and I […]