Posts tagged "Home prices"

Chicago Home Prices Heading Towards New Lows

Chicago Home Prices Heading Towards New Lows
With a few months left before we hit the normal seasonal lows in home prices Chicago has already come very close to the lowest home price levels reached last year. The Case Shiller home price index for December came out today and Chicago fared worse than all the other cities tracked except for Detroit. Single... Read more »

Chicago Home Prices Continue Falling In October

Chicago Home Prices Continue Falling In October
The Case Shiller Home Price Index just came out and it shows a continued decline in Chicago home prices in October. If you will recall prices had been rebounding for several months – for the third time. Then starting in September they turned around. Now in October this quadruple dip is starting to take shape,... Read more »

Zestimates: Just How Bad Are Zillow's Home Price Estimates?

Zestimates: Just How Bad Are Zillow's Home Price Estimates?
I’ve been meaning to analyze Zillow’s home price estimate accuracy for a while – especially since my brother keeps talking about those damn Zestimates. He’s not the only one, though. A lot of people put way too much stock in what Zillow has to say about their home values. So I decided to look at... Read more »
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Does Zillow Determine Your Net Worth?

A short while ago Zillow revised the algorithms that power the home value estimates (cleverly called “Zestimates”) on their Web site. According to a recent Wall Street Journal story “the overall margin of error for Zestimates dropped from 12% to 8.5%, not far off the typical 5% margin of error that most home appraisers claim.”... Read more »