Zillow Talk

Zillow Talk

The New Rules of Real Estate

Book - 2015
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"The CEO and the chief economist of the country's leading real estate web site explain why everything you thought you knew about housing is wrong and how real estate actually works today"-- Provided by publisher.
"What's the best way to spot the next best neighborhood? Is spring or the dead of winter the best time to put your home on the market? Do street names affect price (Swamp Road vs. Gingerbread Lane)? These are the type of real estate truisms that we all think we know the answers to, but we don't. The rules of real estate have changed dramatically in the past five years, and the old rules no longer apply. Enter Zillow, the nation's #1 real estate web site with more than 37 million users each month. Thanks to a treasure trove of proprietary data and a quirky chief economist in Stan Humphries, Zillow is able to spot the trends and truths of today's housing market. The book will explain the science behind the trends in a lively, dinner-party worthy style, so readers will come away enlightened, entertained and clutching real news-they-can use"-- Provided by publisher.
Publisher: New York : Grand Central Publishing, 2015
Edition: First edition
ISBN: 9781455574742
1455574740
Branch Call Number: 333.33097 R1834z 2015
Characteristics: 275 pages : illustrations ; 24 cm
Additional Contributors: Humphries, Stan

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v
VcrRocker
Oct 16, 2015

The book is very informative, very common sense. Like Garth Turner's web blog, this book is a nice intelligent conversation about real estate. Zillow, and other US websites, show a ton of info about properties, unlike Realtor.ca - Cdns have never been more in the dark about buying homes than ever before. It used to be location, location, location, but this book is bang on when it's really about data, data, data. The conclusion warns of another US bubble if rates go up....just like the dialogue here in Afghanada. Where will Cdn real estate be in 2017....scary.

t
TBrien
Sep 16, 2015

Great read with loads of interesting data and findings on the current post-Great Recession real estate market. Very interesting if you enjoy good analysis, even if you are not looking to buy or sell a home. Chapters at the end make some valid arguments against governmental policies that help make the rich richer and burden taxpayers.

p
preppy
Mar 24, 2015

This book was recommended on a REIN article. Zillow has a website with loads of data. The book is about US Real Estate, a hot topic for snowbirds and investors. Zillow busts several myths such as, "buy the cheapest house in the best location." and that the 1913 homeowner mortgage interest tax deduction MID benefits lower-income people. It goes on to say that until 1954, credit card debt could also be deducted, but fails to mention that according to Wikipedia, general use credit cards weren't in use until the '50s. It confirms that if the last non-zero in the listing price is a 9, you will get a higher offer.
It assumes you know when the Master's Golf Tournament is. (Around April 6.) You must list before. Easy read, fact-filled. I always search for ambiguities, and there are some. Page 112, "On the other end of the spectrum, word choice is just as important for a seller...Bottom tier.. " But previous to that also discusses the same thing.
Page 235 shows MID helps Taxpayers, 53% of population; of which only one third itemize deductions leaving 18%. Take away 20 % who are renters or have paid off their mortgage CORRECTLY leaving 14%, not minus 2%. 18 -20%=14. On page 154 "listing discount" means this sale was below the listing price. This could easily be understood to mean " the listed asking price was reduced." On page 178, 27,012 packed into EACH OF THEM refers to 302.6 square miles, not the 5 boroughs of Metro New York. Then a comparison is made to "the rest of US " at 87 people per square mile. At 3.8 million square miles for whole US, this is the comparison, not just other urban areas.

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