Home-Value Guessing

by | Aug 1, 2015 | Jim's Take on the Market, Listing Agent Practices, The Future | 2 comments

I don’t remember ever hearing about this guy, but he was part of the Case-Shiller team that devised the Index, and now he does his own thing.

Here they developed a tool to predict the chances of hitting your target value in the next year. Click on the link below and once inside, click on ‘Tools’ at the top of the page:

http://www.weissindex.com/tools/target_value/?

Plus they have a colorful history of values that goes to 2016, so at least some of these are speculative. Each dot on this map represents one house – the color represents whether the house is increasing or decreasing in value that month:

2 Comments

  1. Rob Dawg
    Rob Dawg on August 1, 2015 at 12:33 pm

    Thanks. This will be a useful resource until it goes behind a pay wall somewhere. Think Dataquack.

  2. Jim the Realtor
    Jim the Realtor on August 1, 2015 at 12:37 pm

    I’m not sure it will get much traction with sellers. I ran a few addresses through it and the results are very conservative.

    It’s easier to dismiss it as inaccurate rather than consider that the rah-rah days are over.

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