zillow: Zillow picks Salt Lake City as #1 Hottest Housing Market of 2014
- 12/06/13 02:18 AM
Zillow knows a thing or two about real estate and housing markets. Their Chief Economist and their Director of Mortgages predict that Housing prices will be up 3% nationwide in 2014, with Salt Lake City, Utah as the #1 Hottest Housing Market. Factors in making this prediction included the unemployment rate, population growth and Zillow's home value index. Other predictions are that home loans will be easier to get as interest rates rise, drying up refinance business and forcing lenders to be more competitive on purchase transactions. In any market it is important to make sure the professional you are working (0 comments)
zillow: Will Machines Replace Real Estate Agents?
- 05/20/08 03:21 PM
A New World Some websites promote their equivalence to or superiority over the flesh and blood real estate agent. While mathematical computations can be completed much faster by microchips and microprocessors, they lack the same thing Dorothy's beloved Scarecrow lacked: a brain. Today's Lenn Harley post on Zillow caused me to consider: Just what is it that makes a real, live, on-site agent better than the Zillow machine? What's Wrong with a Machine Estimating Value? Probably the largest fault to be found with Zillow's calculations is that they are entirely mechanical. Data In - Data Out. And what is wrong with (121 comments)