What I thought was most interesting about Robert Scoble’s interview with Spencer Rascoff was Rascoff’s comments that they believe, i.e. Zillow, we still had about another 7% to go on the downside yet for house prices in the U.S. He said we were down about 30% so far which is also what basically is stated from reports such as the Case-Shiller Index. Based on the data I’ve studied, I’ve also thought there was another 5-10% downside on home prices before we bottom. That said, it looks like we might finally start to see housing recover by 2013 or perhaps 2014.
Enjoy the interview!
- Zillow adds lender marketplace and finance tools to iPhone app (venturebeat.com)
- Zillow added to Russell indexes (seattlepi.com)
- Zillow Expands Most Popular Real Estate App for iPhone, Adds Zillow Mortgage Marketplace (prnewswire.com)