How Homebuying Will Change Forever

In the following video, Motley Fool analyst Austin Smith sits down with host Chris Hill to discuss big trends in the housing market, and how homebuying is changing for good. Austin tells investors how companies such as Zillow (NASDAQ: Z  ) and Trulia (NYSE: TRLA  ) are empowering homebuyers and making them less likely to turn to traditional real estate agents, and how consumers are increasingly comfortable making big-ticket purchases informed by mobile, through services such as eBay (NASDAQ: EBAY  ) . Austin then gives his picks for which player to invest in, to best get in on this trend.

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  • Report this Comment On July 22, 2013, at 10:15 PM, BendOregonHomes wrote:

    So Zillow's terrible data, which still shows homes currently for sale on their site up to 2 years AFTER they have been SOLD, is a threat to Realtors? Is Zillow a threat because the Zillow "Zestimate" is soooo darn inaccurate, or because Zillow's marketing engine will coordinate showing's with difficult buyers, sellers, and tenants? Based on your article, I guess Zillow has also figured out a way to coordinate and attend home inspections, meet with appraisers, meet licensed contractors and gather bids, over see repair work, attend follow up inspections of work performed, write contracts, deal with title issues, and conduct open houses.

    Wow... Zillow has come a long way haven't they! I'm not drinking your Kool-aid, and I doubt any other educated investor is either.

    Zillow is a marketing company selling consumer leads to real estate agents and mortgage brokers, plain and simple. Their data is poor at best, and they are NOT members of the MLS - therefore they "scrape" the internet for information and post it as their own. The reality is... Zillow does not have the latest listings when they come on market, their Zestimate is as accurate as a monkey throwing darts, and they do absolutely ZERO to show, sell, and facilitate a closing of escrow. Not all agents allow Zillow to post their listings, and several City MLS's have opted out of Zillow all together.

    A real estate purchase is an emotional roller coaster with many real issues and some perceived. While you can buy stocks with the click of the button, your not buying a HOME by hitting "send".

    I ask the author, since you're predicting less and less buyers turning to traditional real estate agents... then who are they turning to, since Zillow is a marketing firm that simply repackages the data as their own, and puts it on a website? If all agents quit allowing Zillow to post MLS listings, THEN ZILLOW WOULD HAVE NO LISTINGS.

    So run that by me again about the part where consumers are "less likely to turn to traditional real estate agents"?

    I am a real estate broker in Bend, Oregon and after 16 years of this business, I know what it takes to get a home sold. Posting a house for sale on a fancy website is a small step towards a complicated process laced with legal pitfalls and financial penalties, which the author chose not to discuss in this article on a "industry game changer".

  • Report this Comment On July 22, 2013, at 10:48 PM, BendOregonHomes wrote:

    "Holy sinking stock prices Batman! Even IF Zillow could displace RE agents in the marketplace, then who would provide Zillow with the financial resources to keep their doors open?"

    Does Zillow have a new revenue model which kicks agents to the curb, but can then still do a money grab from these same agents to pay Zillow's only source of revenue, garnered through advertising fees?"

    Seems to me that if their are no agents, then Zillow can have a tombstone right there next to them.

    Go ahead Zillow... it's your move.

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