Introduction In setting out to create a new home price index, a major problem Zillow sought to overcome in existing indices was their inability to deal with the changing composition of properties sold in one time period versus another time period. Both a median sale price index and a repeat sales index are vulnerable to FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values decreased 1.1 percent from the third to the fourth quarter of 2011 to $146,900 (Figure 2). On an annual basis, this represents a 4.7 percent decline (Figure 1). December’s data show that sequential improvements in year-over-year numbers have stopped, and the pace of monthly FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values remained essentially flat from October to November falling only 0.1 percent (Figure 1) to $147,800 (Figure 2), representing a 4.6 percent decline on a year-over-year basis. While we still expect home values to fall further this year with a definitive bottom probably a year FULL BRIEF
According to analysis of recent Zillow Real Estate Market Reports, U.S. homes are expected to lose more than $681 billion in value during 2011, which is 35 percent less than the $1.1 trillion lost in 2010. The bulk of the total value lost during 2011 was in the first half of the year. From January FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values decreased 1.1 percent from the third to the fourth quarter of 2011 to $146,900 (Figure 2). On an annual basis, this represents a 4.7 percent decline (Figure 1). December’s data show that sequential improvements in year-over-year numbers have stopped, and the pace of monthly FULL BRIEF
When Zillow introduced the Zestimate and Zillow Home Value Index in 2006, one of the first things consumers asked for next was an estimate of where home values were going to go in the future. While we periodically produced a national forecast of home values for the purposes of analyzing national economic trends, we did FULL BRIEF
Introduction In setting out to create a new home price index, a major problem Zillow sought to overcome in existing indices was their inability to deal with the changing composition of properties sold in one time period versus another time period. Both a median sale price index and a repeat sales index are vulnerable to FULL BRIEF
The Zillow Real Estate Market Reports, released today, show home values remained essentially flat from October to November falling only 0.1 percent (Figure 1) to $147,800 (Figure 2), representing a 4.6 percent decline on a year-over-year basis. While we still expect home values to fall further this year with a definitive bottom probably a year FULL BRIEF
Homes in the United States are expected to lose more than $681 billion in value during 2011, which is 35 percent less than the $1.1 trillion lost in 2010, according to recent analysis of the Zillow Real Estate Market Reports. The bulk of the total value lost during 2011 was in the first half of FULL BRIEF