Media Company Data Reveals Stabilizing Real Estate Market
Trulia, Zillow data shows promise:
Media companies Trulia and Zillow release data this week that shows promise of a stabilizing real estate market. According to Trulia, fewer home sellers were slicing pricing this month with 22% of homes at a discount compared to 25.6% in November (based on homes listed on the Trulia.com website).
Zillow says home value losses are stabilizing, with one in three cities seeing gains in 2009. Zillow data shows losses are recovering the best in Rochester, NY while value losses are suffering the worst in Phoenix, AZ.
What is it like in YOUR market? Are values stabilizing and price slicing decreasing or is it a different story in your homefront?
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This article published on Thursday, December 10th, 2009 at 12:04 am | Contact the editor
Topics: News, Real Estate
About this Columnist (Full Profile)
AGBeat Editor-in-Chief: Lani, named one of Real Estate’s 100 Most Influential, as well as 12 Most Influential Women in Real Estate, is a business writer hailing from the great state of Texas in the city of Austin. As a digital native, Lani is immersed not only in advanced technologies and new media, but is also a stats nerd often burried in piles of reports. Lani is a proven leader, thoughtful speaker, and vested partner at AGBeat.
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Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
What I wouldn’t give to get this data localized to my market … as it is, all it does is represent overall consumer sentiment, which can be misleading at best and deceptive at worst.
I can’t figure out my market, as we don’t have enough data – mortgage defaults, planned defaults, foreclosures, shadow inventory – to make a sufficiently educated guess.
So media companies can say things are getting better but Yun can’t? I don’t get it.
Does anyone REALLY know what’s going on? It’s so up and down week by week.