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Answers (10)
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
har.com has some great tools and a lot more accurate than Zillow. Try there if you haven't already.
- authoriseduser
- Contributions:25
Cindy,
THANK YOU - for at least reading my question and trying to find an instant answer.
Truth is, I'm a Houstonian (well, born there, and then went to Rice 30 years ago), but I'm in London, England, today, and was wondering what property prices were like in Houston if I wanted to return. I quickly realised that individual Zillow values could not be relied upon, and then I ran upon the aggregate graphs, which seem to tell a lie. I haven't been able to run into anybody who can explain this. But thanks for your reply - at least you read my original question and thought about it. Again, thanks.
Ok... I looked at the chart and even looked at different properties in the Houston area to see if the graphs were consistent. They were, but I can't explain the TX one. However, the drop was only about a $6k - $8k which isn't really dramatic but looks like it on the graph. The best conclusion I can come to is that this is Zillow and it is not as accurate as a local agent. These are estimates at best.
THANK YOU - for at least reading my question and trying to find an instant answer.
Truth is, I'm a Houstonian (well, born there, and then went to Rice 30 years ago), but I'm in London, England, today, and was wondering what property prices were like in Houston if I wanted to return. I quickly realised that individual Zillow values could not be relied upon, and then I ran upon the aggregate graphs, which seem to tell a lie. I haven't been able to run into anybody who can explain this. But thanks for your reply - at least you read my original question and thought about it. Again, thanks.
Ok... I looked at the chart and even looked at different properties in the Houston area to see if the graphs were consistent. They were, but I can't explain the TX one. However, the drop was only about a $6k - $8k which isn't really dramatic but looks like it on the graph. The best conclusion I can come to is that this is Zillow and it is not as accurate as a local agent. These are estimates at best.
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
Ok... I looked at the chart and even looked at different properties in the Houston area to see if the graphs were consistent. They were, but I can't explain the TX one. However, the drop was only about a $6k - $8k which isn't really dramatic but looks like it on the graph. The best conclusion I can come to is that this is Zillow and it is not as accurate as a local agent. These are estimates at best.
- authoriseduser
- Contributions:25
Thanks for the responses, but I surmise that nobody really read my question. WHY DOES THE TEXAS GRAPH SHOW A PLUNGE IN HOUSE VALUES FOR THE LAST YEAR? I don't need to be told that Houston values are firm - I know that - that is not what I am asking. And I know that individual house values on Zillow are all over the map and basically unreliable. PLEASE TAKE A LOOK AT THE TEXAS GRAPH. That is all I am asking. Thank you for anybody that actually looks at it.
- Samantha Mitchell, "SamanthaRealty"
- Contributions:218
I agree with Lee and Cindy. We have not experienced a plunge in prices in Houston. We've been fortunate to have steady home values for the past year. Yes, you may have some areas that have depreciated due to area foreclosures, but overall our housing market is strong.
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
I guess I better run to Oklahoma and buy me some real estate...
Naima
Naima
- authoriseduser
- Contributions:25
Well, I guess I didn't get my question across. I am not talking about any individual house price - I am very well aware that Zillow can be way way way off - by 50% sometimes. What I am talking about is the GRAPH of the house price - go to any house in Texas and click on the GRAPH near the bottom. Then click the "Texas" box, then unclick the individual house box - you will then see the graph for Texas, which is supposedly a compilation/average of all the houses in Texas that Zillow tracks. This graph should not be subject to discrepancy - and it shows a huge crash in Texas house prices over the last year (after a decade of steadily rising prices). Where is this happening? Houston? No. Dallas? No. Where??? I don't think it is happening at all - I think this is another one of Zillow's huge errors - they can't even do the math and average all the house prices in Texas that they track. And then take a look at the price graph for Oklahoma - prices still going up. What does this mean? I guess it means you can't even trust the aggregated graphs on Zillow. Probably the entire US graph is wrong.
- Cyprus Resales, "cyprusresales"
- Contributions:7
Interesting, but as the previous person says i don't think the bubble will burst.
- Cindy LaPeer ABR, e-PRO,SFR, Cdrs, "Houston Metro Pro"
- Contributions:2239
Our prices seem to be firm here. However, there are always pockets that are the exceptions to the rule. Zillow is a very general guideline and does not compare to getting comps from a local agent.
It will be interesting to see what happens when the tax incentives go away at the end of April. Although our market is strong compared to many other places throughout the country, we may see a dip in sales. But again, this is dependent upon desirability of the property.
It will be interesting to see what happens when the tax incentives go away at the end of April. Although our market is strong compared to many other places throughout the country, we may see a dip in sales. But again, this is dependent upon desirability of the property.
- Lee Hudman ABR CNE Clhms, "LeeHudman"
- Contributions:381
Houston will not have a crash because we never had a "bubble" to burst unlike CA, NV, FL and AZ. Zillow is VERY unreliable. Never use it for pricing. It is only good for general price range info.
Texas house prices crashing????
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