Stop Zillow From Manipulating the Housing Market


Stop Zillow From Manipulating the Housing Market
The Issue
We call on all American lawmakers to defend it’s citizens and realtors against the continued attempts of Zillow to undermine and devalue the housing industry by eliminating the realtor component of purchasing a home. Zillow's recent move to becoming a listing entity and buying homes directly from consumers leaves consumers un-represented, uninformed, and vulnerable to misleading and self-interested hedge funds bent on devaluing the homes they purchase, while charging premiums when re-sold.
Zillow analyzes the data that they’ve acquired from real potential homesteaders, particularly in neighborhoods with lower price points. They then pay far beyond the asking price for one house in the neighborhood, which raises the estimated prices for all the other 'comparable' houses. Zillow then sells the other houses at a profit which they created.
This is a miscarriage of justice that disproportionately affects new homeowners, specifically those who are overcoming generational poverty.
If you were planning on purchasing a home, sign this petition so we can, at the very least, have a fair opportunity.
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The Issue
We call on all American lawmakers to defend it’s citizens and realtors against the continued attempts of Zillow to undermine and devalue the housing industry by eliminating the realtor component of purchasing a home. Zillow's recent move to becoming a listing entity and buying homes directly from consumers leaves consumers un-represented, uninformed, and vulnerable to misleading and self-interested hedge funds bent on devaluing the homes they purchase, while charging premiums when re-sold.
Zillow analyzes the data that they’ve acquired from real potential homesteaders, particularly in neighborhoods with lower price points. They then pay far beyond the asking price for one house in the neighborhood, which raises the estimated prices for all the other 'comparable' houses. Zillow then sells the other houses at a profit which they created.
This is a miscarriage of justice that disproportionately affects new homeowners, specifically those who are overcoming generational poverty.
If you were planning on purchasing a home, sign this petition so we can, at the very least, have a fair opportunity.
123
The Decision Makers




Petition created on September 23, 2021