The KUIK Closing Market Report for Monday, May 22:
Markets were up.
Index
Direction
Change
Units
Index
Time
Change
Dow
Up
90
points
20,895
2:30 PM
S&P500
Up
0.5%
percent
2,394
12.29
Nasdaq Composite
Up
0.8%
percent
6,134
49.92
30 Year Treasury
Up
1
basis points
2.91
Annual Yield
Chicago home builders filed a class-action lawsuit last week against real estate information company Zillow. The suit claims lowball property-value approximations are misleading would-be home buyers that have stalled sales. The Zestimates that the Seattle-based Zillow app has calculated since 2006 pose as appraisals in violation of the legal description in Illinois of an appraisal, which needs to be conducted by a licensed appraiser, according to the suit, the first of its kind against Zillow. Zillow maintains that its approximations are not actual appraisals, nor do they claim to be.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
