Zillow.com(R) to Release Q1 Home Value Report and Host Conference Call May 6
Report to Show Negative Equity Situation Worsening for U.S. Homeowners as
Congress is Scheduled to Vote Next Week on Relief for People Underwater on
their Mortgages
SEATTLE, May 1 /PRNewswire/ — Zillow.com today announced it will
publicly release its Q1 Home Value Report Tuesday, May 6, 2008 at
approximately 8 a.m. EDT and host a conference call with VP of data and
analytics Dr. Stan Humphries at 2 p.m. EDT.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060503/ZILLOWLOGO)
Zillow(R) said its Q1 Report will document that the rate of negative
equity among recent U.S. homeowners is worsening, just as Congress is
expected to vote next week on legislation to provide relief for homeowners
who are currently underwater on their mortgages.
Zillow has expanded its Q1 Home Value Report to encompass 160
metropolitan statistical areas (MSAs), which is the largest geographic
representation of any national housing report available today. The Zillow
report includes detailed analysis for each market, based on changes in
value for all homes, not just those currently on the market or that have
recently sold. Data is broken out by national, MSA, city, ZIP code and
neighborhoods levels.
Conference Call Details:
WHEN: Tuesday, May 6 at 11 a.m. PDT/2 p.m. EDT.
CALL IN: 800-218-0713.
SUPPORT MATERIAL: A slide deck to accompany the call will be available
through the Zillow Press Room at http://zillow.mediaroom.com on May 6.
Advance copies of the Home Value Report are currently available to
members of the media under embargo by contacting press@zillow.com or
calling 206-470-7167.
About Zillow.com
Zillow.com is an online real estate community where homeowners, buyers,
sellers, real estate agents and mortgage professionals find and share vital
information about homes, for free. Launched in early 2006 with Zestimate(R)
values and data on millions of U.S. homes, Zillow has since opened the site
to community input, data and dialogue. One of the most-visited U.S. real
estate Web sites, Zillow’s goal is to help people become smarter about real
estate in every stage of the home ownership process — buying, selling,
remodeling and financing. The company is headquartered in Seattle and has
raised $87 million in funding.
Zillow.com, Zillow and Zestimate are registered trademarks of Zillow,
Inc.
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Source: Real Estate Newswire
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