Bulldog Buzz Category: Industry/Utility
Zillow hears your ‘Zestimate’ complaints: it’s offering a $1 million prize for a better algorithm
MarketWatch – Zillow is offering a $1 million award to the “person or team who can most improve the Zestimate algorithm.” The announcement of the contest comes one week after Zillow was slapped with a class-action lawsuit over its proprietary home-price tool. The algorithm in question is meant to serve as a starting point in helping people… READ MORE
What Salary Do You Need to Afford a Home in LA? Nearly $100,000, As It Turns Out
Curbed LA—A typical median-priced home in Los Angeles County out of reach for the vast majority of residents, according to a new analysis from the California Association of Realtors. According to the data, just 29 percent of potential homebuyers can afford a property at county’s median price of $485,800. At that price point, a nearly six-figure household… READ MORE
Luxury Homeowners Believe Homeownership Is a More Sound Investment Than the Stock Market
RISMedia—In largest luxury owner survey ever, Better Homes and Gardens Real Estate study reveals multiple homes and high-tech amenities are the new norm for affluent homeowners Existing home sales have been rising along with mortgage rates, and cash deals are becoming extremely popular. Much of this growth can be attributed to the luxury buyer, a… READ MORE
Beating Up Borrowers (Even Pro Ball Players) For Inane Conditions; Why?
Jay Vorhees, CA Bureau of Real Estate—We financed a purchase for a professional baseball player last year, and it was a mortifying experience for one of our Processors. This is why… The borrower made close to $4 million per year and could have paid cash for the house several times over. He was only seeking… READ MORE
Congrats to Yo Venice on First Print Edition!!
Yo Venice In Print!… READ MORE
Wells Fargo Still Wary of Home Loans in 3rd Quarter!
Their caution has restricted the availability of home loans!… READ MORE
