Link to full HW article HERE: Zillow Group is positioning itself to take the lead in bringing the entire home-buying process online. During a Tuesday call with investors, Zillow CEO Spencer Rascoff revealed Zillow’s reasons for acquiring DotLoop, a Cincinnati-based...
Thesis
Housing Costs and the Future
In the last video, the presenter speculated that prices could go up 700% by year 2027, which would make homeownership all but impossible for regular folks. Prices seem likely to rise over the long-term - what could keep a throttle on their gains? Building more homes...
Comps Are Almost Worthless In Boom
Speaking of those high-tech internet tools we use to determine value.... This is from the FHA Underwriting Manual of 1936: 307 (2.) It must be noted, too, that sales prices are of varying usefulness and importance according to the rapidity with which price levels of...
Why Home Prices Will Hold or Go Up
Home buyers are hoping that higher rates will cause prices to come down, and while it could certainly happen - here are reasons why they won't: Prices have increased so much, so fast, that sellers are emboldened. If it would have taken the 5-10 years to bottom out...
REO Bubble Next
The foreclosure tsunami appears to be on its way - new defaults, re-defaults, and foreclosure numbers are rising, and there's still the backlog of those who are attempting to loan mod that will eventually get denied. According to foreclosureradar, there are 4,047...