Finally there is an article that exposes their inaccuracy, but it doesn't mention the negative effect on buyers due to the zestimates being adjusted to within a couple of bucks of the list price once a home goes on the market. But the author does highlight that the...
Rates are in the spotlight again as 2025 approaches. That short-lived dip to two-year lows prompted renewed optimism for home buyers and bumped sales volume, then the rebound in October brought a reminder of unpredictability. Rates are likely to remain volatile...
They are saying that in the expensive coastal markets there are fewer empty-nesters, but they base that opinion on the percentages? The San Diego metro of 3.3 million x 13% = 429,000 empty-nesters sounds significant to me! Some have suggested that empty nest...
Oh geez, here we go again. The number of Zillow views DECLINED since yesterday. How do the views go backwards? We already know that Zillow recalibrates their zestimates to within 1% of the list price once a home is listed on the MLS, rendering their posted guesses of...
It was in May that Zillow started guessing +1%-ish for local appreciation. Comparing their 'typical home values' from May to today shows a decline of roughly 2% in pricing in all zip codes over the last six months. With sticky mortgage rates and a political circus for...
There has been a lot of discussion recently about the outrageous cost of fire insurance, and how the FHSZ has been expanded to include major portions of regular suburban towns like Carlsbad. The buyer of our Circulo Sequoia listing will be forced to pay a premium for...
Borrowing this from Rob's blog, this is known as Amara’s Law in technology spheres. It goes: “We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.” When the zestimates first came out in 2006, their accuracy...
Since May, Zillow has been predicting virtually no annual appreciation locally. Living in Flat City mostly affects those who have purchased recently - it's tougher to move and/or refinance if the down payment was 20% or less. If you just want to lower your existing...
Living in Flat City can be a disaster for those recent purchasers who buy the wrong house, or get divorced. If you have to resell your home in a year or two after buying it, the down payment will get eaten up and you may not be able to buy another house....unless you...
San Diego's YoY gain of 9.4% is third highest behind San Jose and Hartford, and our +55.4% since March, 2020 is #1 among the higher-end markets!
