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2 Million Americans No Longer Plagued By Negative Equity

Almost 2 million American homeowners were freed from negative equity in 2012, and the overall percentage of all homeowners with a mortgage in negative equity fell to 27.5 percent at the end of the fourth quarter, according to Zillow’s fourth quarter Negative Equity Report.

 

Zillow Shares Double After IPO

Shares of real-estate website Zillow more than doubled on its first day of trading, giving the unprofitable Internet company a valuation of more than $1 billion.

 

Zillow Buys Real Estate Listings Creation And Distribution Tool Postlets

Real estate listings and search site Zillow has acquired Postlets, a online real estate listing creation and distribution platform. Terms of the deal were not disclosed.

 

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