Author Archive

Zillow Rent Index: Methodology

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Introduction Similar to the Zillow Home Value Index (ZHVI), we created the Zillow Rent Index (ZRI) to track the monthly median rent in particular geographical regions. Like the ZHVI, we sought to create an index for rents that is unaffected by the mix of homes for rent at any particular time. This makes temporal comparisons FULL BRIEF

Zillow Home Value Index: Methodology

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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

A Closer Look: U.S. Homes Expected to Lose Nearly $700 Billion in Value This Year

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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

U.S. Homes Expected to Lose Nearly $700 Billion in Value This Year

Source: peterdarling.typepad.com

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

A Peek Inside our Newest Zestimate: the Rent Zestimate

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Last night, Zillow launched Rent Zestimates which are monthly estimated rental prices for properties.  They are a set of models built from public property data and rental listing info on Zillow.  The types of properties with a Rent Zestimate include apartments, single family homes, condos, co-ops, townhomes and all other types of homes.  We estimate FULL BRIEF

U.S. Homes Set to Lose $1.7 Trillion in Value During 2010

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Homes in the United States are expected to lose more than $1.7 trillion in value during 2010, which is 63% more than the $1 trillion lost in 2009, according to recent analysis of the Zillow Real Estate Market Reports. The bulk of the total value lost during 2010 was in the second half of the FULL BRIEF

The Impact of the Housing Bust on the Congressional Elections – Interactive Data

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Interactive data on home value declines in congressional districts. FULL BRIEF

Yeng Bun, Senior Quantitative Modeler

Yeng joined Zillow in 2006 and plays a major role in the production and quality of our Real Estate Market Reports. He also developed and implemented parts of the AVM that produces Zestimates. Prior to joining Zillow, spent four years at Samurai EC and Lehman Brothers, where he developed parts of real-time systems for market FULL BRIEF