Yesterday realtor Paul commented that he too has seen the Zillow views and saves get re-jiggered:
I have screenshots from a few listings that were showing a certain number of views. The next day the view count decreased almost 1K views. Next day it was down a few hundred more. It slowly crept back up in the next few days. It was a very popular property which is why the views were quite high. I lost all trust from Z when I saw this happening. If there is a reasonable explanation I’m open to hearing but it would need to be something like the internet got hacked or the power grid blew a gasket. Wtf lol.
So I guess we can consider Zillow and Redfin completely unreliable sources of accurate data. Let’s consider them entertainment websites where you can find your real estate porn.
Who’s left?
I spot-checked these and they line up with the MLS data:
It’s incredible that local pricing has been holding up as mortgage rates surged from 3% to 7%!
Yes, but…. If X percent of buyers are paying all cash, mortgage rates have no influence on them and therefore wouldn’t move pricing as much as availability and desirability.