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What's Up With Trulia

By
Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

What's Up With Trulia?

 

Today I saw an article in the Orange County Register that is talking of a recent report from Trulia.  Trulia a site that relies on our listings and sales to get the info out to the the public.  They also will take our listings and sell the buyers that are attracted to their site back to other agents or back to us if we so choose. 

The positive growth of 23 percent July 2012 to July 2013 was seen by Trulia as a negative.  In fact they state that therefore our market is 12 percent overvalued.  Really!  Orange County and South Orange County specifically is a destination place for a lot of home buyers. 

It is a destination because of the weather the beauty of the hills and the vistas and the planned cities et al...  They actually called us the most overvalued area in the country.  Is that because we are such a great area and we attract more buyers?  Not sure but come on lets stop with the negatives.  

Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

they certainly do not help us and they charge us as well for the leads they gather!

Aug 25, 2013 03:31 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Makes you blood boil doesn't it Mark.  I would think they could put their thoughts into context.

Aug 25, 2013 03:40 AM
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

Mark and Tim, I really ave to wonder where all these sources get their information,  It is just like the tabloids.  I would hope that they verify their sources first before publication,

Aug 25, 2013 03:40 AM
Raymond Denton
Homesmart / Evergreen Realty - Irvine, CA
Irvine Realtor®

23% in one year is scarey to me - but we've been down for so long ... it's a pleasing bounce.

Aug 25, 2013 03:56 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Mark I really do not understand the association selling or providing the rights to our MLS.

Aug 25, 2013 04:15 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yes Tim it does.

Aug 25, 2013 04:15 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Jean the Orange County Register does check its sources.

Aug 25, 2013 04:16 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Raymond

I am not fearful we have had years with over 50% many times.

Aug 25, 2013 04:17 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Mark I also noticed another interesting tid- bit, Trulia sent me a survey, takes about 10-15 minutes to complete and the focus is on how to nickle and dime Trulia Agents, for publishing their listings, featuring their listings....I am afraid it is clear that is in the not too distant future....also hope AR will not fall into the same trappings since they are Affiliates....

Aug 25, 2013 05:58 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Yikes that could be another problem.

Aug 25, 2013 01:40 PM
Jill Winchel
Royal Shell Real Estate - The Koffman Group - Cape Coral, FL
We make it easy. You make it home.

Don't see how they could focus on negatives in the current market. Orange County is a beautiful place and worth every penny, I'm sure.

Sep 01, 2013 10:53 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thank you Jill.

Sep 02, 2013 12:46 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Does this business model of how to make money in real estate sound a bit, I dunno, parasitic?

Sep 20, 2013 03:34 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Patricia

I really do not understand.  Are you proposing that we get a flat rate for selling homes?  What is parasitic?

Sep 20, 2013 12:08 PM