Comment Zillow is slow to aggregate Real listing data (Score 4, Interesting) 40
Zillow is Slow & Behind on Data
A buddy of mine who is a realtor says that he always has a problem with people that call him saying that they saw house listed on Zillow giving him bullshit information and he tells them that looking at the actual local and regional real estate networks that are used by real brokers, those houses are listed for different prices and a lot of times those houses are sold and Zillow still shows them as being available 48 hours later where he has to field calls for the next two days about houses that have been closed.
Compass Buying Other Real estate Brokers
The other thing he told me is that a lot of the real estate companies have now consolidated and bought each other out and Compass has now become one of the biggest companies out there buying everybody else out where now there's going to be Wars for data access too real estate house listings.
Real Estate Transactions Collapse & Recession/Depression
The other thing a friend of mine told me is that there are people that have been brokers and Realtors in the market for over 2 to 3 decades and in the last year or two they have not been able to make any transactions whether it's a purchase or a sale because we are in a massive recession and everyone is just holding their breath because the interest rates have f***** everyone over so nobody wants to sell and people don't want to buy and those brokers are now starting to get really concerned and are switching brokerage companies because of all the massive consolidation that's happening because of the recession and the upcoming depression that we are in. Stock market is doing great. Real estate market is dead.