Zillow’s COO Discusses Foreclosures on Bloomberg TV
By: Zillow Team, | October 13, 2009
Here’s some startling news - in 2006, homes in the top tier of local home values made up 16 percent of foreclosures. Today homes in that same bracket make up 30 percent of foreclosures, according to new foreclosure analysis by Zillow Chief Economist Stan Humphries.
Watch Spencer Rascoff, Zillow COO, as he discusses this data on Bloomberg News.
- Stumble it!
- Categories: Foreclosures, Real Estate Industry
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Real Estate Strikes Back on October 15, 2009 8:34 pm
[...] Worse, real estate woes have run through subprime and are now increasing in prime housing. Prime loans are now 58% of foreclosures, and the chart shows that 65% of foreclosures are in the mid and upper tiers of prices. Video commentary here. [...]