Many younger adults are unaware of everything that factors into the price and costs of buying a house. Zillow’s new portal is here to help.
Bloomberg reports that Zillow launched RealEstate.com, a site that not only has real estate listings, but a comprehensive budget calculator that allows users to factor mortgage payments, property taxes, and other carrying costs into a single monthly bill.
“We weren’t setting out to build Snapchat for real estate,” said Jeremy Wacksman, chief marketing officer at Zillow Group. “We wanted to build something utilitarian.”
The median age of a first-time buyer is 33.
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