WASHINGTON, Sept. 20, 2011 /PRNewswire/ — Leading real estate information
marketplace Zillow® (NASDAQ: Z) today published the testimony of Zillow Chief
Economist Dr. Stan Humphries, who testified before the Senate Banking
Subcommittee on Housing, Transportation and Community Development this morning. The hearing was titled “New Ideas to Address the Glut of Foreclosed
Humphries encouraged the members of the subcommittee to advocate for policy that does no harm to the housing market and does not disrupt the natural
process of economic recovery.
“Forces in the housing market are at play that will lead to long-term stabilization,” Humphries said in his written testimony. “But it’s a
delicate balance that should be well-understood before the government steps in to help it along.”
Humphries’ full written testimony is available in the blog section of Zillow Real Estate Research, at www.zillow.com/blog/research.
A shorter version of that testimony was delivered verbally in front of the subcommittee.
About Zillow, Inc.
Zillow (NASDAQ: Z) is the leading real estate information marketplace, providing vital information about homes,
real estate listings and mortgages through its website and mobile applications, enabling homeowners, buyers,
sellers and renters to connect with real estate and mortgage professionals best suited to meet their needs. More than 25 million unique users visited Zillow’s
websites and mobile applications in August 2011. Zillow, Inc. operates Zillow.com®,
Mortgage Marketplace, Zillow
Mobile and Postlets®. The company is headquartered in Seattle.
Zillow and Zillow.com are registered trademarks of Zillow, Inc. Postlets is
a trademark of Zillow, Inc.