Hat tip to SM for sending in this detailed article about Zillow's contest to improve the zestimate. No surprise that the winner was a group of analyzers who blended the algorithms to move the needle a couple of ticks. If they would have asked me, I'd say score each...
Everyone is getting into the home-buying business. First it was the well-funded disrupters like OpenDoor and Offerpad, and then Zillow, Redfin, Knock and others jumped in - which caused Coldwell Banker, Keller Williams to also announce their programs (plus Compass...
After using Zillow for years, consumers probably start to cozy up to the zestimates, just out of familiarity and convenience. Those who are new to the game - and believe Zillow to be an authority - are going to think the zestimate is a neutral opinion of actual...
Hat tip to Eddie89 for sending in this article on the prospects of Zillow's ibuyer program, which looked a little sketchy to me too until it was divulged that these ibuyers are primarily in it to make the fee income, and if they can make a profit by selling the houses...
This might be the greatest sucker play in the history of housing. The I-news featured a story about the first five Zillow buys in Phoenix, and as you can see above, they are planning to lose money on all of them. The reporter also interviewed one of the homeowners...
Zillow's panel of economists is forecasting the next recession, with 66% of them predicting it will start between 4Q19 and 1Q21: Experts in housing are predicting a recession starting in 2020, according to Zillow’s 2018 Q2 Home Price Expectations Survey; however, they...
Last week I mentioned the problems with agents selling houses before inputting their listing onto the MLS (link here). Agents are so accustomed to doing it that there isn't much hope it will change, at least not until an outsider puts an end to it (district attorney...
They paid $410,000 and are listing for $425,000? Are they expecting a bidding war? By the way, OpenDoor has 300 listings in Phoenix already! Hat tip to daytrip for sending this in - an excerpt: Noel Levine, a freelance IT consultant and self-described geek, said he...
Zillow is setting up their home-flipping business in Phoenix and Las Vegas, which are two very safe towns for taking a risk. The vast majority of houses there are easy-to-value tract homes, and relatively inexpensive compared to the coasts. But Zillow's stock price...
Whoever spends the most money on advertising will win, and Zillow spends around $100,000,000 per year. Who can keep up? In the video he says that 90% of the home sellers chose to hire an agent, rather than sell to Zillow: Nearly one year ago, Zillow shook up the...
