Here are the Zillow predictions for 2020 (higher sales and prices): With the housing market stabilizing from the drama of the early years of home price recovery and the subsequent slowdown during 2019’s home shopping season, we have a rare moment of calm to reflect on...
Hat tip to RK for sending in this article - an excerpt: I asked a realtor there that I know to do a CMA on the property. When she was done, her number came out to $460,000. Zillow’s offer was $440,000. This is where things got interesting. Their pitch is that with...
Understanding the housing market requires in-depth knowledge about the participants. Each year, Zillow surveys more than 10,000 market participants — homeowners, buyers, sellers and renters — to learn more about them and gauge their attitudes and behavior. Here’s a...
Same thing with the Zillow zestimate - two days later and it's lined up beautifully with the list price: The disrupters are hoping that homebuyers get hooked on internet valuations - sellers and listing agents are too!
We ended up with 12 offers on my listing in Rancho Penasquitos, with SIX of them over $900,000. Donna and I did some expert maneuvering to coach the buyer-agents higher on price, and we may have gotten an assist from Zillow too. This was their zestimate before the...
It's conclusive - the Zillow Offers program is only good for sellers who want/need BOTH quick cash and...
The path forward is becoming more clear. Zillow is rapidly expanding their ibuying enterprise, and because they are so well-known, they have a shot at a major disruption. In the video below, Mike describes how homeowners who used to rely on their zestimate for a home...
One of our favorite doomers says the tide is rolling out because inventory is up 37% in L.A. There are 11.5% more San Diego homes for sale, year-over-year. But in an area of 3.3 million people, having less than 10,000 homes for sale doesn't sound like panic time -...
Will the ibuyers succeed? Sure, they offer convenience, but the reason it works is because it's so vague - sellers will never know the money difference between selling to an ibuyer or an open-market sale. The trendy-hip, sell-with-a-click factor could lure sellers...
A good article with evidence here by Ryan discussing the accuracy of the zestimates, and how Zillow calculates their success rate based on their updated zestimates once a property sells. His comment section is full of examples where Zillow adjusts their zestimate to...
