Since its inception, Zillow’s home-value calculator, know as the “Zestimate” has been one of the most controversial features of the company’s real estate portal. Zillow co-founder Rich Barton openly admitted to GeekWire that the tool is “very provocative and personal and a little voyeuristic.” Continue reading
Monthly Archives: May 2017
Home prices rising, yes, but not as fast as homeowners think
Home values continued their upward climb, however not quite as fast as homeowners estimated, according to Quicken Loans’ Home Price Perception Index.
On average, appraised home prices came in 1.77% lower than what homeowners expected, the fourth consecutive month the gap between the two opinions widened, according to the index.
Northwest sees new listings soar by 50%
Northwest Multiple Listing Service brokers saw an uptick in new listings during March as the housing market saw an increase of 50% from February in new listings.
The report, which covers 23 counties in and around Washington state, showed brokers added 10,321 new listings during March. Brokers also added an even greater number of pending sales, 10,447, leaving inventory near historic lows. Continue reading