How do you know if you’ve set the wrong price for your home? One clue may be that it isn’t selling, of course – but that may take a long time before you recognize that’s what’s happening. Since time is money, time is something you probably shouldn’t waste. If you now what to look for, […]
In the quest to come up with an easy and instant home price estimate, plenty of sellers visit web sites for online real estate price evaluations, such as Zillow, Trulia, eppraisal.com, often with less than satisfactory results. This shouldn’t be much of a surprise; there are many factors going into a home’s value, and these […]
Did you know that in most states, it takes about 10 times as much course work to get a beautician’s license as compared to a real estate license? And that about 80% of people who get into the real estate sales business are out of it within 5 years? Would it surprise you to learn […]
While searching for a blog topic, two reports spanning the good/bad news spectrum caught my eye, because Zillow.com had a hand in both. To check out a Zillow-backed report showing the relative strength of the South Bay housing market, CLICK HERE. To check out a different Zillow-cited report showing how home values and negative equity […]
If there is an even number of homes sold, you take the two in the middle, you find the difference in prices, and all that difference in price to the lower-priced house (or subtract it from the higher priced house) to get the median home price. … It’s interesting to note that the Zillow blog entry talks about the OFHEO Housing Price Index – because the OFHEO housing price index is probably going away now, since the OFHEO (Office of Federal Housing Enterprise Oversight) itself is slated to be merged into a new entity, the Federal Housing Financing Agency. … So looks like we po’ folk out here in Santa Cruz are just going to have to stick with the trusty, rusty median home price as a rough measure of what’s going on. I think it’s pretty clear by now that all housing types, in every location throughout the county, are off their peaks, some of them (south county, north county) by huge margins.