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...
These look like the towns to which people from New York and California are moving. Excerpts: The boomer tide in the for-sale housing market is expected to continue to rise for at least the next 8 years; younger millennials will be hitting first-time home buying age at...
The Zillow 1-Year Forecasted Values are down 1-2 points from their previous guesses last month, but still very strong. This is their third consecutive month with similar forecasts: NW Carlsbad, 92008: SE Carlsbad, 92009: NE Carlsbad, 92010: SW Carlsbad, 92011: Carmel...
Susie asked for a Zillow Offers update, and yesterday they announced that the unwinding is going just fine. While the debacle did tank their stock price, they figured it would be a good time to buy more for themselves: SEATTLE, Dec. 2, 2021 - Zillow Group, Inc. today...
Zillow has been vilified for many reasons, but the one thing they have going for them is the viewer data for each area. If their 2022 projections are based on the number of clicks on listings, then their forecast should be a reasonable reflection of the actual demand...
Mike pointed out that Zillow simply kept paying too much for homes, and instead of adjusting on purchase prices being offered, they shut it down yesterday. But Zillow is too big and too aggressive to rest. Here's what Mike thinks could be next: While Zillow 2.0 may...
