An excerpt from this article: https://www.usatoday.com/in-depth/money/2021/02/04/homes-sale-we-housing-bubble-prices-outstrip-wages/6671282002/ For Mark Stapp, a real estate professor at Arizona State University, what's going on in the real estate market right now is...
Zillow Survey Predicts Austin will be the Nation's Hottest Housing Market, Leading a Sunbelt Surge More affordable metros are replacing expensive coastal areas as top drivers of home value growth -- A panel of economists and real estate experts expect Austin to...
We wondered what might happen when Zillow changed from a search portal to a brokerage last week. Zillow showed us who's the boss. They deleted the last 50-100 sales from EVERY agent I checked, and ALL active listings were wiped off the agent profile. They also tweaked...
In November, Zillow busted out of the pack of prognosticators and predicted around 7% appreciation for NSDCC zip codes over the next 12 months. They have revised again - now predicting that our North San Diego County coastal areas will appreciate at least 10%: La...
Thoughts: I can't remember any prognosticator predicting double-digit appreciation before. There will be areas who will have higher than 10.3% appreciation in 2021. Zillow has guts to put it out there. They could have played it safer. Do they know something? They are...
From Zillow: We've all been there this year -- toddlers interrupting Zoom meetings, daydreaming for more space, and shamelessly feeding sourdough starter kits. 2020 has changed the way we live in and outside our homes. As people rethink their homes'...
I showed three houses over the weekend, and other buyer groups were looking before and after. For every hot buy, it seems like there are 5-10 buyers! This enthusiastic demand coming in November can only mean that the 2021 market is going to go ballistic. We will get...
This is a good summary of the Zillow Offers homebuying machine. Like Amazon, they are hoping that consumers are willing to overpay for convenience: The website that allows you to imagine living in homes you could never afford is out to do to real estate sales what...
Hat tip to Susie who sent in this article about a law recently passed in California: The new rules apply to one- to four-unit properties sold at foreclosure auctions. If an investor wins one of those homes at auction, then people who want to live in it, as well as...
Zillow's estimates of appreciation over the next year: Carmel Valley, 92130: +7.2% NW Carlsbad, 92008: +7.7% SE Carlsbad, 92009: +7.2% Encinitas, 92024: +7.2% Del Mar, 92014: +6.9% La Jolla, 92037: +7.2% Rancho Santa Fe, 92067: +6.9% Santaluz/4S/Del Sur, 92127: +7.1%...
