Monday, May 19, 2014

Trulia's Michael Corbett on Fox and Friends Update 3

I couldn't update Corbett's track record of his Friday Fox and Friends appearance but here's the gist.

He profiled three homes.  When I searched for active listings on Realtor.com based on city, exact price, and bedrooms and baths, two of the three he profiled were not available.  One city, I believe it was Columbia, SC, had "zero" homes for sale matching the Corbett's criteria.

This makes 5 out of 6 homes not available for sale that were profiled on Fox and Friends.  Misleading?

Fact:  Zillow and Trulia do not have full access to MLS data.   On average they have 78% of the number of listings on Realtor.com.  Even worse, up to 17% of Zillow and Trulia listings are scraped from tax records to boost their listing count, or are old or expired listings they don't take off their site.

Study from Inman News:

http://www.inman.com/2013/03/06/accuracy-zillow-trulia-listing-data-under-fire-again/#.U2AqIvldWlI

Trulia and Zillow will do anything to get visitors to their sites, so they can promote their audience to investors and advertisers.  They do not care about selling homes or providing accurate information.

I'll be watching for Corbett this coming Friday.


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