Zillow’s Rascoff Says Housing Market Not at Bottom Yet
Running time 04:37
Spencer Rascoff, chief financial officer of Zillow.com, talks about the outlook for the U.S. housing market. Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth, according to Zillow, an Internet provider of home valuations.
00:00 Housing outlook, home sellers’ expectations
01:58 Housing market by region; advice to buyers
03:52 Real estate is "still…good asset class."
Zillow’s Rascoff Says Housing Market Not at Bottom Yet: Video
Bloomberg, August 12, 2008 10:10 EDT
One Third of New Owners Owe More Than House Is Worth
Bloomberg, Aug. 12 2008