If you can't make a profit flipping houses in this market, well then yeah, you should probably stop (hat tip G.A.!) Real-estate firm Zillow Group is exiting the home-flipping business, saying on Tuesday that its algorithmic model to buy and sell homes rapidly doesn’t...
It's too bad they would rather give discounts to insiders, instead of just lowering the price on the individual listings and let the retail buyers benefit. Zillow Group Inc. is looking to sell about 7,000 homes as it seeks to recover from a fumble in its high-tech...
Zillow did get around to updating their Estimated market value after a few days. They kicked up the zestimate by $633,200 to get within 0.18% of the list price - and they are still wrong! It is incredible how much faith and confidence the consumers put in their...
Hat tip to GA for sending this in: Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag. Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Speaking of Zillow, they also said in this June article that San Diego home prices would rise 24.7% by May. How are we doing? There has never been a great measuring stick for home prices, but let's look at the most common ones:...
Here are the latest guesses from Zillow that they've sent me over the last month. They agree with me that next year will be rip-roaring! In parentheses are the percentage increases for the last year: NW Carlsbad 92008 (+28%) SE Carlsbad 92009 (+30%) NE Carlsbad 92010...
San Francisco leads the 50 largest U.S. metros in the share of homes sold for 30% over their list price or higher at 7.4%. It’s followed by the hot market of Buffalo, NY, where 6.2% of homes sold for more than 30% over list, and Austin (5.3%). All shares in these...
The ibuyers are borrowing money like crazy to build their inventory of homes to flip. Opendoor doesn't have the brand-name awareness of Zillow, so they are advertising a lot and buying homes directly off the MLS. Zillow has everyone's email address so they are able...
What's your prediction on local home-price appreciation over the next year? Here's what Zillow thinks - they sent these to me over the last three weeks: La Jolla: Del Mar: Carmel Valley: Rancho Santa Fe: Encinitas: SE Carlsbad: SW Carlsbad: NW Carlsbad: NE Carlsbad:...
It's probably no surprise that a well-branded company that spends $100 million per year on advertising has made an impression on the consumer. On the other hand, agents are independent contractors running around hoping to sell a house. The impression that leaves on...
