4.6 • 716 Ratings
🗓️ 11 September 2023
⏱️ 6 minutes
🧾️ Download transcript
Today is Monday, September 11, and we're looking at Zillow vs. Rocket Mortgage.
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1:04.3 | Thank you. McMillan Online Community. From Wondery, I'm David Brown, and this is Business Wars Daily on this Monday, September |
1:08.9 | 11th. |
1:09.9 | If you've tried to buy a home lately, |
1:11.8 | you'd likely know better than anyone. It's not easy out there. The real estate market's affordability |
1:16.7 | is the worst it's been since 1984 CNN reports. That's due to a combination of factors, |
1:23.2 | low inventory, high home prices, and mortgage interest rates have soared to levels they haven't reached in more than two decades. |
1:30.9 | But where some see the heartache of out-of-reach homes, real estate marketplace Zillow sees opportunity. |
1:37.3 | Last month, the company announced a new home loan program that requires a down payment of just 1%. |
1:43.3 | Yes, one single percentage point. |
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