The latest Zillow 1-Year Forecasted Values are still expecting a fairly strong appreciation rate over the next year. In May, they were guessing +19% or more in all areas, so this looks like a soft landing: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW...
Let's revisit Encinitas Ranch for an example of how the zestimates will affect the post-frenzy era. Consider the ER comps since my $3,760,000 sale closed in November. This is where the algorithms should perform beautifully because there have been eight sales of...
You think it's bad here? Hat tip to ML for sending this in!
Home buyers who value their privacy don't like seeing their home's photo gallery advertised on Zillow after the sale is completed. Zillow has made it easier to remove those photos! Here are the instructions: To add or remove photos on your home's property page, you...
At some point over the last 6-12 months, Zillow started revising their zestimates higher - way higher! It has been noticed too, and now virtually every potential seller brings their zestimate to the table, and expects to list their home for that amount......or more....
Sally's former home in Los Altos closed yesterday for what seems to be the obligatory $500,000 over the list price (LP was $3,195,000): https://www.zillow.com/homedetails/1200-Brucito-Ave-Los-Altos-CA-94024/19620416_zpid/ The bump over the list price is so customary...
Yesterday Bill talked about how the median home prices have picked up: https://calculatedrisk.substack.com/p/median-vs-repeat-sales-index-house-198 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Zillow has also done a reversal on where they think...
People say there will always be a need for a realtor, but consumers may adapt to new methods: JG: How is Zillow addressing these different aspects of the consumer journey? ES: The problem that we are spending a bunch of time on right now is how do you fix the...
Homebuyers got crushed last year as home prices soared at their highest clip on record. Housing economists saw that price growth—which peaked at a year-over-year rate of 20% last year—as simply unsustainable. Their economic models agreed: Among the seven forecast...
With the inventory so low - especially for the one-story houses - here's a seller who senses an opportunity. We just listed the premier single-level floor plan in Aviara for a reasonable $1,900,000! How hot are the one-story homes? Here's the action after 15 minutes...
