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...
I have suspected that consumers rely on their zestimate more than we'd like to admit. It's been around for ten years, so it's familiar and easy. Because there isn't any other internet tool like it, homeowners follow their zestimate and fantasize about their equity...
Our listing in Fire Mountain is back on the market. The buyers, who according to their agent were in love with the house and the price, decided to cancel because of what they found out about the city restrictions. The City of Oceanside won't allow short-term rentals...
Zillow's full assault on realtors is ramping up. They are happy to buy your house for the amount of their zestimate, which in this fast-moving market can only mean that sellers are leaving money on the table - it's just a matter of how much. But sellers - who have...
This week we heard the the news that homes.com was acquired: Homes.com has a similar business model to massive real estate website Zillow, at least as far as Zillow's core business goes. Homes.com is a property listing portal that helps agents and brokers market...
An excerpt from Zillow's seller survey: With the rollout of vaccines against COVID-19, 70% of homeowners in a recent Zillow survey say they would feel mostly or completely comfortable moving to a new home when vaccines are widely distributed — and 78% of homeowners...
Today: This isn't the type of environment that you should put much stock in your latest zestimate. A month ago, on March 3rd, the zestimate was $1,336,035. Today, on April 4th, it is $1,723,510. Zillow wants you believe that their zestimates are within 1.9% of being...
