This has been a hot topic lately, so let's clear up one point. Once a listing is marked 'sold' on the MLS, the listing agent has no access. To remove the photos from Zillow, you have to go through them:...
Zillow
Zestimate Fraud
This morning: This afternoon: It is sad how much faith and confidence people put into the zestimates when they are so manufactured and phony. But now that everyone trusts everything they see on the internet, we deserve what we get.
Zillow’s Forecast
I called our local market 'stable' the other day. Zillow doesn't have us in America's Top 10, but their 58.3 gets us into the Seller's-market category which sounds stable enough. They have slightly increased their 12-month optimism too: NW Carlsbad - 92008 SE Carlsbad...
Zillow Guesses
The Zillow guesses on local appreciation over the next 12 months have gotten more optimistic. I added their previous guess from November in paratheses next to the zip codes, and the change in their typical home value over the last 12 months (in green). In 2024, the...
How Wrong Are Zestimates?
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...
Zillow 2025 Forecast
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...
Empty-Nester Threat
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...
Zillow Using Their Own Facts
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...
Zillow Local-Appreciation Guesses
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...
Zillow Climate-Risk Factors
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...