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EPISODE · Oct 1, 2008 · 7 MIN

Zillow: Bailout: No panacea, but still needed

from MarketWatch Real Estate Round-up · host MarketWatch.com

"The real estate industry is rooting heavily for some type of bailout plan." Spencer Rascoff, Zillow.com's CFO says the reason is the expectation that a plan would "allow the federal government to buy these huge amounts of bad loans off of the balance sheets of investment banks and commercial banks." But Rascoff also tells Steve Potisk no bailout will be a panacea for housing since "there is just so much inventory on the market."

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Zillow: Bailout: No panacea, but still needed

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