Is Zillow making real estate agents obsolete?

But hope is on the way; Zillow is using technology to marginalize the power of the listing real estate agent, in the process generating billions in savings for the American people. The incentives in a home sale transaction are thoroughly misaligned, particularly for the seller.

Is Zillow becoming a monopoly?

Zillow, the real estate aggregator giant has become a near-monopoly when it comes to real estate coverage, internet presence, and real estate marketing.

Is Zillow a real estate company?

Zillow is a real estate and rental marketplace that empowers consumers with everything they need to know before purchasing a home. It also connects homeowners with local professionals. With an active database of more than 110 million homes, Zillow operates the most popular suite of mobile apps.

Is a real estate agent a stressful job?

The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.

Why real estate is the greatest career?

It offers freedom, flexibility and opportunities to create wealth and stability for clients, friends and loved ones. It’s also — a lot of work. And not easy. Real estate offers freedom, flexibility and opportunities to create wealth and stability.

Will home values keep rising?

The good news: Prices won’t surge as much next year as they have in 2021. The bad news: They’re still going to go up a lot. Prices for US homes will climb another 16\% through 2022, Goldman economists led by Jan Hatzius said in a Monday note.

What did zillow do wrong?

Zillow attributed the mishap to its technology, blaming its iBuying algorithms — called “Zestimates” — for inaccurately predicting the values of homes. The company also said it will write off $569 million worth of homes and lay off 25\% of its staff.