This morning, Zillow Chief Economist Dr. Stan Humphries testified before the Senate Subcommittee on Housing, Transportation and Community Development at a hearing called “New ideas to address the glut of foreclosed properties.” His full written testimony is below, and an archived webcast of the hearing can be viewed here. Written Testimony of Dr. Stan Humphries, FULL POST
As we predicted yesterday, the June 10- and 20-City Composite Case-Shiller Home Price Indices (non-seasonally adjusted) rose on a month-over-month basis and fell on a year-over-year basis. Standard and Poor’s released the indices this morning. Yesterday, Zillow released our forecast of the two indices. The table below shows how our forecast compared with the actual FULL POST
Stan appeared on CNBC today to chat about the best places to invest. Zillow created an index based on factors including price-to-income ratio, foreclosure rates and price/rent ratios. Click the screen shot below to see the full segment. You can follow Stan on Twitter: @StanHumphries. FULL POST
The Congressional Oversight Panel used the Zillow Home Value Index, as well as information from Zillow’s Homeowner Confidence Survey, in its April 2010 report “Evaluating Progress on TARP Foreclosure Mitigation Programs.” FULL BRIEF
One of the most interesting and useful ways to use the plethora of data we release monthly at Zillow is to explore trends on a local, and sometimes hyper-local, level. Since our data begins with Zestimates on the individual home level, our granular ZIP code, city and MSA level tells a lot about what’s happening FULL POST
Research on consumer spending patterns. UCLA Anderson School used a time series of the Zillow Home Value Index for individual ZIP codes. Not yet published. FULL BRIEF
The University of Chicago Booth School of Business used the ZIP code-level Zillow Home Value Index in research about the effect of foreclosures on crime, residential investment and house prices. Working paper published December 2010. Read full report here. FULL BRIEF
Jawdropping housing numbers were released yesterday, and Zillow’s Chief Economist, Stan Humphries, appeared on several news outlets to help make sense of the dismal news. FULL POST
We’ve come a long way from 2008.
Back then, when we first started fielding the Zillow Homeowner Confidence Survey, homeowners were convinced their homes weren’t (when most of them actually were), and were overly optimistic about the future of home values.
Not anymore. FULL POST
Katie joined Zillow in 2008 and leads the company’s data PR efforts. She manages the communications surrounding the Real Estate Market Reports and frequently works with economists from government institutions and academia who use Zillow data in their research. Before joining Zillow, she ran public relations for The Warren Group, a Boston-based company that collects FULL BRIEF