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Zillow (Z +6.3%) and Trulia (TRLA +12.4%) continue to surge as shorts flee for cover following...

Zillow (Z +6.3%) and Trulia (TRLA +12.4%) continue to surge as shorts flee for cover following the companies' Q4 reports (I, II). Zillow had 41.1% of its float shorted as of Jan. 31, and Trulia 18.2%. The real estate sites/app developers are now respectively up 24% and 45% since Tuesday's close. (more)
Comments (1)
  • 7576Captain
    , contributor
    Comments (7) | Send Message
     
    So the first new bubble in housing is the valuation websites! As an active realtor in AZ I can assure you that Zillow's valuations have absolutely no connection to what's really happening in the market place. Their "Zesimates" are often wildly inaccurate on both sides of professional appraisals, yet Zillow is often cited as the fount of all real-estate wisdom in the media. Ride this pony however you like, just know that their work is pure fiction.
    17 Feb 2013, 08:44 AM Reply Like
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