MLS Accuracy, FSBO's: Zillow, Trulia, ZipRealty

Paul Hagey, Inman News®, reported in some depth on a controversy between ZipRealty (and Redfin) on one side and Trulia and Zillow on the other.

It appears to boil down to these takeaways:

  • Zillow and Trulia have incomplete and outdated Multiple Listing Service (MLS) data on their sites at an approximate 15% error rate for some/most of that data (Trulia wants more specifics)
  • Trulia and Zillow have more For Sale By Owner (FSBO) and other "listings" not listed via the MLS.

Therefore, while both Zillow and Trulia are naturally trying to improve their MLS data showing on their respective sites at any given time, it appears that when searching for MLS-only properties for sale, a site such as ZipRealty would be the more logical choice. The converse is also apparently the logical choice. When searching for potential deals that do not show up in MLS current data, use Zillow and/or Trulia.

Here's the full article: Accuracy of Zillow, Trulia listing data under fire again | Inman News.

If you are an investor in 1-4 unit properties in Arizona, California, Nevada, Oregon, Utah, or Washington, please do the financially responsible thing and make sure you have proper Landlord Insurance with PropertyPak™. We love focusing on real estate and the economy in general, but we are also here to serve your insurance needs.

Hill & Usher (PropertyPak™ is a division) has many insurance offerings. See our menu above for more info and links.

Did this post help you? Let us know by leaving your comment below.

Note: This blog does not provide legal, financial, or accounting advice. Seek professional counsel.

Furthermore, we, as insurance producers, are prohibited by law from disparaging the insurance industry, carriers, other producers, etc. With that in mind, we provide links without staking out positions that violate the law. We provide them solely from a public-policy standpoint wherein we encourage our industry to be sure our profits, etc., are fair and balanced.

We do not necessarily fact checked the contents of every linked article or page, etc.

If we were to conclude any part or parts of our industry are in violation of fundamental fairness and the legal standards of a state or states, we'd address the issue through proper, legal channels. We trust you understand.

The laws that tie our tongues, so to speak, are designed to keep the public from losing confidence in the industry and the regulatory system overseeing it. Insurance commissioners around the country work very hard to analyze rates and to not allow the industry to be damaged by bad rate-settings and changes in coverages. The proper way for people in the industry to deal with such matters is by adhering to the laws, rules, and regulations of the applicable states and within industry associations where such matters may be discussed in private without giving the industry unnecessary black eyes. Ethics is very high on the list in the insurance industry, and we don't want to lose the people's trust. That said, the industry is not perfect; but what industry is?

For our part, we believe in strong regulations and strong regulators.

We welcome your comments and ask you to keep in mind that we cannot and will not reply in any way or ways where any insurance commissioner could rightly say we've violated the law of the given state.

We are allowed to share rating-bureau data/reports and industry-consultant opinions but make clear here that those opinions are theirs and do not necessarily reflect our position.