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...
Hat tip to SM for sending in Zillow's latest version on the best dates to put your home on the market. San Diego is the only town in America that gets started this early - let's go! https://www.zillow.com/research/best-time-to-list-2018-19215/ Not only is now...
Zillow started their 'Coming Soon' feature in the summer of 2014, so by now the gimmick is maturing. Agents have worked every angle of it, and consumers have seen it all too. Everybody comes to their own conclusions. Here's how one consumer described it to me...
This post was generally positive about Zillow's future, but a commenter left this remark about Zillow puffing their counts: Interesting that you repeatedly quote 'according to management' - did it cross your mind that Zillow management exaggerate performance with over...
Five years ago, Zillow predicted that the ZHVI would increase 22% by 4Q17. At the time, it seemed a bit optimistic. Since then, the national index rose 32%, and the San Diego index rose 45%! Currently, thirteen of the 20 cities followed in SD County are at all-time...
