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...
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...
