Items Tagged with 'home values'

ARTICLES

  • Zillow is watching: New algorithm uses photos of your home to check quality and curb appeal

    Zestimate’s upgrade is a "building block" for expanding Zillow’s iBuying, chief economist says
    You know that dead shrub in the front yard that needs replacing, or that white picket fence that’s flaking paint? Better take care of that if you don’t want your home’s Zestimate to decline. Zillow announced on Thursday it has a new algorithm that uses photos to help decide the appeal and worth of your home. In some cases, Zillow even knows what the inside of your kitchen looks like.
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  • U.S. home values reach a record high of $26.1 trillion in Q1, Fed says

    Home equity rises to the highest level since 2002
    The value of all U.S. owner-occupied homes increased to a record $26.1 trillion in the first quarter, according to the Federal Reserve report released Thursday known as the Flow of Funds. Americans owned 60.4% of their homes in the first quarter, measuring the share of their home that was unmortgaged, the highest level of equity since 2002.
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  • Hoosier city beats out Miami and Vegas for hottest U.S. housing market, Zillow says

    Midwest leads home-value gains, while the nation’s priciest cities lagged
    When you think of hot housing markets, cities like Miami, Las Vegas, or Los Angeles might come to mind. Or, other high-priced markets like New York or Boston. The Midwestern city that beat the rest of the U.S. for home price appreciation with a whopping 12% gain from a year earlier might surprise you.
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  • Average home lost $2,440 in value since this summer

    Property values deflate as home price growth declines
    In December, the average home declined 0.8% in value since August 2018, equating to a loss of $2,440, according to the latest report from Black Knight. The data provider estimated that home prices appreciated 4.6% in December, down from a high of 6.8% in February 2018, and predicted January numbers will follow a similar trajectory.
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  • Zillow: Slowing rent growth signals stability in multifamily

    As rent growth tapers off, market moves toward equilibrium after hitting peak in 2016/2017
    Though rent growth is slowing, bringing with it fears of a big tumble in the multifamily market, Zillow’s research indicates the median rent is growing faster than it was last year and that current conditions signal stability rather than a crash.
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  • Will tax reform harm the housing market?

    Depends on where you live and how much you make
    For the most part, the latest tax reform will boost the average paycheck and do little to harm the housing market. However, according to two recent expert reports, the devil is in the details.
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  • Who owns the data relating to an appraisal?

    The appraiser, the AMC or the homeowner?
    [Commentary] Being part of a webinar panel for HousingWire recently the discussion revolved around AMCs, fees and eventually technology. Some cogent questions were raised about who owns the data relating to an appraisal as well as how technology will change the industry. In my personal opinion and this is varied, the data belongs to the client.
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