Skip to main content

Zillow won't kill off your local real estate agent with with Team Thayer Key Realty Group Inc.

Zillow will not mean the end of real estate agents. But the company is changing the way agents do their jobs.
That's what Zillow CEO Spencer Rascoffand Chief Economist Stan Humphriesargue in the new book "Zillow Talk: The New Rules of Real Estate."
Real estate agents are still relevant despite the wealth of industry information available to consumers online, they said.
Zillow may be leading the charge, pulling relevant information on home listings together into one place. But it's the Internet that's really shaping the future of the real estate industry. No one — not Zillow or real estate agents — disputes this.
They just see the industry's changes through a slightly different lens.

Popular posts from this blog

Grass Seed Video

When Will Bank Foreclosurews ‘Normalize’? Team Thayer #realestate #investor #housing #market #news #oregon

With much of the talk surrounding the housing market centered on “normalization” or returning to its pre-crisis state, one metric which the market is watching is the distressed sales share—the share of REO and short sales that comprise total residential home sales. For February 2016, the distressed sales share declined by 2.9 percentage points over-the-year (and 0.4 percentage points over-the month) down to 11 percent, according to  data released by CoreLogic  on Thursday. At their peak in January 2009, distressed sales accounted for nearly one-third of all residential home sales (32.4 percent) but has been declining steadily since then. By comparison, the pre-crisis share of distressed sales was typically around 2 percent; CoreLogic estimates that if the current rate of year-over-year decline continues, the distressed sales share will reach the “normal” pre-crisis level in slightly more than two years. “Prior to the housing crash, the distressed share of total...

How Far Has the Economy Fallen in a Month? Team Thayer #realestate #housing #economic ##market #news #oregon

If the  May  Wall Street Journal  economist survey  is any indication, the economy is a lot worse off than it was as recently as a month ago. In the last three surveys conducted by the  Journal  in which economists are asked when they think the Federal Reserve  will next raise the federal funds target rate, the consensus answer has been June. In April’s survey, three-quarters of economists surveyed said they believe that a rate hike by the Fed will be announced at the next FOMC meeting on June 14 and 15. May’s survey told a different story, however. Less than a third (31 percent) out of the 70 economists surveyed said they believe the rate hike will take place in June; 21 percent said they believe it will take place in July. The same percentage of economists who believe that a June rate hike will take place (31 percent) said they think it will take place in September. What happened to the economy in the last month? A couple of setbacks—first,...