Thoughts: I can't remember any prognosticator predicting double-digit appreciation before. There will be areas who will have higher than 10.3% appreciation in 2021. Zillow has guts to put it out there. They could have played it safer. Do they know something? They are...
From Zillow: We've all been there this year -- toddlers interrupting Zoom meetings, daydreaming for more space, and shamelessly feeding sourdough starter kits. 2020 has changed the way we live in and outside our homes. As people rethink their homes'...
I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers! This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get...
This is a good summary of the Zillow Offers homebuying machine. Like Amazon, they are hoping that consumers are willing to overpay for convenience: The website that allows you to imagine living in homes you could never afford is out to do to real estate sales what...
Hat tip to Susie who sent in this article about a law recently passed in California: The new rules apply to one- to four-unit properties sold at foreclosure auctions. If an investor wins one of those homes at auction, then people who want to live in it, as well as...
Zillow's estimates of appreciation over the next year: Carmel Valley, 92130: +7.2% NW Carlsbad, 92008: +7.7% SE Carlsbad, 92009: +7.2% Encinitas, 92024: +7.2% Del Mar, 92014: +6.9% La Jolla, 92037: +7.2% Rancho Santa Fe, 92067: +6.9% Santaluz/4S/Del Sur, 92127: +7.1%...
The pandemic is still raging, the President of the United States is in the hospital, the election is right around the corner, and so are the holidays. The frenzy has to slow down at some point, doesn't it? So I schedule for 11am, and show up to find today's list of...
This sounds like a document-processing center where trainees guide consumers through the paperwork and hope they don't ask too many questions. Sound familiar? They are going to walk right in and take over while the industry stands by idly - and we'll look up in a few...
The chart above shows the June page views, which was probably the peak hysteria for those who were considering a drastic change. I think the heightened activity and sales could have just been from all the people who had been thinking about a move over the last 2-3...
Here's a thorough discussion on the the state of realtor disruption - early on, Rob refers to this post: https://notorious-rob.com/2020/07/two-steps-forward-one-step-back-the-story-of-innovation-in-real-estate/ For every tech platform that sets out to disrupt real...
