You think it's bad here? Hat tip to ML for sending this in!
Austin Crazy
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Zillow
Removing Photos From Zillow
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...
List-Price Overshoot Caused By Zillow
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....
Bay Area Crazy
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...
Zillow Now Says +30% Appreciation
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...
Zinnovations
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...
Zillow Way Off
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...
JtR New Listing in SW Carlsbad
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...
Top 10 Hottest Markets
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...
Zillow Local Forecasts
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...
