If you’re shopping for a new house, or even if you’re just curious about what the market thinks your current home is worth, you’ve probably used Zillow to check out prices. Our tech expert, Omar Gallaga says Zillow, and a competitor, Redfin, have gone beyond providing the the apps, maps and the numbers. They’re getting into the real estate business themselves.
“Not only are you going to be seeing… listings and the photos and all the specs for the house, you might actually be buying that home directly from these companies,” Gallaga says.
What you’ll hear in this segment:
– How Zillow and Redfin have been making their money
– Why the companies are entering real estate during a down housing market
– Why you might not get top dollar from Redfin or Zillow
– What Zillow has planned in Houston