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Mint.com announces they now include Zestimates in their platform

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Personal finance tracking website Mint.com today announced they will include automated home valuations (AVMs) in their suite of mobile-ready applications and have chosen to partner with Zillow.com to provide these AVMs (called “Zestimates” when data is provided by Zillow).

This partnership has gone live- as of today, when users log on to their Mint.com account, based on their address on file, they will see their home in their list of investments along with a Zestimate (home valuation).

Although Zillow’s data has recently been called into question and Zestimates have always been a topic of contention in the real estate market as agents often have to correct the misperception of their accuracy, we think this is a pretty cool partnership.

Mint.com users are financially minded and we believe this personality type that invests time in tracking this information does their homework and compares data sources, and it is interesting that someone can be on the train and pull up their investments in a simple app on their Android, iPhone or whatever and see their home featured.

We think that this will add exposure to the Zillow brand but more importantly will put the focus of homeowners back on their primary investment.

We anticipate that with the recent announcement of restructuring at Zillow that we will see more partnerships forming leading up to Zillow’s possible IPO candidacy.

AgentGenius.com is not affiliated with Zillow.com or Mint.com.

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11 Comments

11 Comments

  1. Erica Ramus

    September 22, 2010 at 7:42 pm

    It seems to me that Trulia is being left in the dust here lately, which is a shame. I find Trulia to be much easier to navigate, and in polling my buyers it seems they like it better than Zillow. However, Zillow is the one partnering with mint.com, move.com and seems to be making more/better relationships.

    What is Trulia doing to catch up or innovate?

    I am rooting for Trulia here… Zillow has never impressed me.

  2. Erica Ramus

    September 22, 2010 at 9:29 pm

    PS– I do use mint.com to organize my finances and them using Zestimates just brings mint.com DOWN in my eyes. Do they not realize how inaccurate these are? Why do they need this partnership?

  3. Jim Duncan

    September 22, 2010 at 10:19 pm

    I’m curious what, if any, of my financial data from mint that Zillow gets. Clearly Z got my address … what else? Mint’s privacy policy hasn’t been updated since early this year, so that’s no help.

  4. Ken Montville

    September 23, 2010 at 7:37 am

    I’m with Jim Duncan on this one. I don’t use Mint or other online financial tracking software/apps because I really don’t want to make it any easier for the entire world to know my finances.

    I’m under no illusion that there is very little, if any, online privacy but I try not to make it too easy. That may be an illusion in and of itself.

    Re: the partnership. Zillow’s Zestimate has been its marketing hook from Day 1. It’s inaccurate, at best, and doesn’t take into account either the condition of the individual house or the current market conditions of the neighborhood/area. However, consumers love it. Who wouldn’t? Unfortunately, for Mint’s customers, it will throw off its projections and net worth formulas since it will be using bad data.

    Garbage in, Garbage out.

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Austin

Austin tops the list of best places to buy a home

When looking to buy a home, taking the long view is important before making such a huge investment – where are the best places to make that commitment?

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Looking at the bigger picture

(REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. That’s a scientific fact. There’s a running joke in Austin that if there is a list of “best places to [anything],” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town).

That said, SelfStorage.com dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever).

They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability.

“Buying a house is a big decision and a big commitment,” the company notes. “Although U.S. home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. Today, home prices are stabilizing and increasing in most areas of the U.S.”

Click here to continue reading the list of the 12 best places to buy a home…

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Housing News

Average age of houses on the rise, so is it now better or worse to buy new?

With aging housing in America, are first-time buyers better off buying new or existing homes? The average age of a home is rising, as is the price of new housing, so a shift could be upon us.

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aging housing inventory

The average home age is higher than ever

(REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. In Texas, homes are a bit younger with the median age between 19 – 29 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In 1985, the median age of a home was only 23 years.

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

Prices of new homes on the rise

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

Click here to continue reading this story…

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Housing News

Are Realtors the real loser in the fight between Zillow Group and Move, Inc.?

The last year has been one of dramatic and rapid change in the real estate tech sector, but Realtors are vulnerable, and we’re worried.

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Why Realtors are vulnerable to these rapid changes

(REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Zillow Group and Move, Inc. (which is owned by News Corp. and operates ListHub, Realtor.com, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood.

Note: We’ll let you decide which company plays which role in the image above.

So how then, does any of this make Realtors the victims of this sword fight? Let’s get everyone up to speed, and then we’ll discuss.

1. Zillow poaches top talent, Move/NAR sues

It all started last year when the gloves came off – Move’s Chief Strategy Officer (who was also Realtor.com’s President), Errol Samuelson jumped ship and joined Zillow on the same day he phoned in his resignation without notice. He left under questionable circumstances, which has led to a lengthy legal battle (wherein Move and NAR have sued Zillow and Samuelson over allegations of breach of contract, breach of fiduciary duty, and misappropriation of trade secrets), with the most recent motion being for contempt, which a judge granted to Move/NAR after the mysterious “Samuelson Memo” surfaced.

Salt was added to the wound when Move awarded Samuelson’s job to Move veteran, Curt Beardsley, who days after Samuelson left, also defected to Zillow. This too led to a lawsuit, with allegations including breach of contract, violation of corporations code, illegal dumping of stocks, and Move has sought restitution. These charges are extremely serious, but demanded slightly less attention than the ongoing lawsuit against Samuelson.

2. Two major media brands emerge

Last fall, the News Corp. acquisition of Move, Inc. was given the green light by the feds, and this month, Zillow finalized their acquisition of Trulia.

…Click here to continue reading this story…

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