Tag archives for Zillow

Would-Be Buyers are Giving Up on Conventional Financing, Dropping Out of Buying Process

As nearly a third of all would-be homebuyers are denied financing, they are giving up on the conventional mortgage. According to the Federal Financial Institutions Examination Council (FFIEC), more than 2 million people (30 percent of buyers) were turned down for mortgages last year, leading them to drop out of the buying process. The Mortgage Bankers Association (MBA) blames “stringent Read full article »

Zillow Turns Profit in First Month Public

A newly-public Zillow.com made a profit for the first time ever last month with a net income of $1.6 million in the second quarter of this year. The company’s total revenue increased 116 percent over the second quarter of 2010. The growth was driven by “marketplace revenue,” including subscription fees for real estate agents and advertising for mortgage lenders. Zillow Read full article »

Zillow IPO Benefits from Investor Demand for Internet Stocks

Even though the company has never actually turned a profit, Zillow Inc.’s initial public offering (IPO) yesterday led to the company being valued, at one point, at $1.6 billion. Shares were initially offered at $20, but closed the day trading at $35.77. Despite the country’s weak real estate market and Zillow’s real estate related services, investors found the company appealing Read full article »

Analysts Warn that Zillow Profits are Nonexistent

Zillow.com is set to go public this coming week, with its 3.5 million shares being offered at $16 and $18. The deal could value the company at $458 million. However, analysts are warning that investing in Zillow could be less of a wise investment and more of a surrender to the technology buzz that has been fueled by the success Read full article »

$8,000 Tax Credit Cost Typical Recipients Twice That

According to home values released by Zillow on Monday of this week, home values have fallen for a 57th straight month. And while this is not good news for anyone, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard, as, according to the Wall Street Journal, they “lost twice as much to falling house prices Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.