SEATTLE, May 1 /PRNewswire/ -- Zillow.com today announced it will publicly release its Q1 Home Value Report Tuesday, May 6, 2008 at approximately 8 a.m. EDT and host a conference call with VP of data and analytics Dr. Stan Humphries at 2 p.m. EDT.

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Zillow® said its Q1 Report will document that the rate of negative equity among recent U.S. homeowners is worsening, just as Congress is expected to vote next week on legislation to provide relief for homeowners who are currently underwater on their mortgages.

Zillow has expanded its Q1 Home Value Report to encompass 160 metropolitan statistical areas (MSAs), which is the largest geographic representation of any national housing report available today. The Zillow report includes detailed analysis for each market, based on changes in value for all homes, not just those currently on the market or that have recently sold. Data is broken out by national, MSA, city, ZIP code and neighborhoods levels.

  Conference Call Details:

  WHEN: Tuesday, May 6 at 11 a.m. PDT/2 p.m. EDT.
  CALL IN:  800-218-0713.
  SUPPORT MATERIAL:  A slide deck to accompany the call will be available
  through the Zillow Press Room at http://zillow.mediaroom.com/ on May 6.

Advance copies of the Home Value Report are currently available to members of the media under embargo by contacting press@zillow.com or calling 206-470-7167.

About Zillow.com

Zillow.com is an online real estate community where homeowners, buyers, sellers, real estate agents and mortgage professionals find and share vital information about homes, for free. Launched in early 2006 with Zestimate® values and data on millions of U.S. homes, Zillow has since opened the site to community input, data and dialogue. One of the most-visited U.S. real estate Web sites, Zillow's goal is to help people become smarter about real estate in every stage of the home ownership process -- buying, selling, remodeling and financing. The company is headquartered in Seattle and has raised $87 million in funding.

Zillow.com, Zillow and Zestimate are registered trademarks of Zillow, Inc.

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SOURCE: Zillow.com

CONTACT: Amanda Hoffman of Zillow.com, +1-206-470-7167,
press@zillow.com

Web site: http://www.zillow.com/