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  • S&P Case Shiller Home Prices Rose 9 Percent in July

    Home prices rose for the fourth straight month according to the S&P/Case-Shiller Home Price Indices for July which were released Tuesday. While the publishers cautioned that the increases could be merely a sign of seasonal strength, news that both the 10- and the 20-City Composites were up 9 percent from June was receiving headline treatment on cable news stations following the release. The increases were felt nationally with 17 of the 20 MSAs also posting monthly upticks. The 10-City Index is...
  • Home Prices Seasonally Higher: "Showed Mixed Signals"

    Home prices pulled, at least temporarily, out of their downward spiral according to the S&P/Case-Shiller Home Price Indices (HPI) released on Tuesday. The National Index rose 3.6 percent in the second quarter of 2011, increasing in each of the three months of the quarter following the first quarter when the index fell 4.1 percent. S&P, however, attributes the recent improvement to seasonal market forces and, when seasonally adjusted, the increase is only 0.1 percent. The National Index had...
  • Zillow Survey Portrays Homeowners in Denial

    Our old friend Zillow , the Seattle-based company that provides data on home values in select areas of the country, has just released results of its most recent survey of homeowner perceptions of value. Zillow's Quarter 3 Homeowner Confidence Survey was conducted October 7-9, during the week that the stock market really tanked (as compared to other recent weeks when it merely tanked.) This makes the result of the survey even more ironic and indicates that American's are deeply in denial over...
  • Clarifications About The Zillow Website

    Shortly after our recent article on Zillow's upgrades was published, we received a communication from "Amy at Zillow" with a couple of corrections.

    We were not particularly complementary about Zillow and its new upgrades, but two statements we made were incorrect. The first...

    ...
  • Zillow Announces Upgrades To Site As First Birthday Approaches

    In a press release earlier this month, the Zillow folks announced a "major upgrade; homeowners and agents can now post homes for sale, for free." They also launched a feature called "Make Me Move?" that allows homeowners to list their dream price - the return on their investment that would indeed make them pack up and get out.

    ...So will these innovations revolutionize the way real estate is bought and sold? Clearly the folks at Zillow hope so. Are the changes visionary, maybe a better question would be, are they useful?

    ...
  • Zillow May Not Be Ready For Prime Time

    We have had a lot of feedback from readers about our first article about the Zillow.com website which was published here during the week of February 12. Nearly all of the writers were extremely negative about Zillow. For example:

    "This website is highly inaccurate. The values of the homes are not even close. A house valued at 380K will come back on Zillow as 212K. They have a serious database problem."

    "It's a very BASIC GUESS. It cannot 'see' the house (if the house is) damaged by a storm or fire or anything else. It cannot 'see' (if) the property is waterfront or has a spectacular view - or not - and compares (it) to only what's close in proximity - or the property that is gutted on the inside. Hey, it is free so everyone can use it at their own risk. VERY misleading in many areas and only decent for 'cookie cutter' neighborhoods in disclosure states. You can trust it about as much as a pie in the sky."

    ...
  • Put To One Test The Zillow Website Performs Well

    After hearing all of the hype about the new website, www.zillow.com, of course we had to challenge it.

    We gave Zillow a lot of leeway, deferring to its Beta status and its disclaimer that it was not up to speed in many localities. And it indeed it was not. There was no information about our home county in Southeast Georgia, nor in several others in semi-rural areas close to Atlanta. There were gaps in places where we thought that coverage would be better. A correspondent in Houston, where Zillow ranks itself with two stars and says it has data on most houses reported that neither the home she just sold nor the one she just bought appeared at all nor did her son's home in Austin. Another friend's home on a remote island in Puget Sound did better. Her entire neighborhood was on line but with only very limited information available from assessor's records. In Denver, rated by Zillow as having four stars worth of data, we found a lot of information although we were lacking the knowledge to evaluate it, and in Virginia there was a very strange blip which we will talk about later.

    In order to give Zillow a fair shot we picked a town that Zillow advertises as having thorough coverage at present and is one which we know well. The town, in the ...

    ...
  • Zillow and Other Z Words Are the Rage of the Internet

    Zillow may soon be a great website but, as even they admit, they are not there yet....
 

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Recent Housing Data:
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