Zillow Talk

Zillow Talk

The New Rules of Real Estate

Book - 2015 | First Edition
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How do you spot an area poised for gentrification? Is spring or winter the best time to put your house on the market? Will a house on Swamp Road sell for less than one on Gingerbread Lane? The fact is that the rules of real estate have changed drastically over the past five years. To understand real estate in our fast-paced, technology-driven world, we need to toss out all of the outdated truisms and embrace today's brand new information. But how? Enter Zillow, the nation's #1 real estate website and mobile app. Thanks to its treasure trove of proprietary data and army of statisticians and data scientists, led by chief economist Stan Humphries, Zillow has been able to spot the trends and truths of today's housing market while acknowledging that a home is more than an economic asset. Humphries and CEO Spencer Rascoff now explain the science behind where and how we live now and reveal practical, data-driven insights about buying, selling, renting and financing real estate.
Publisher: New York : Grand Central Publishing, 2015
Edition: First Edition
Copyright Date: ©2015
ISBN: 9781455574742
Branch Call Number: 333.3309 RASCOFF
Characteristics: 275 pages : illustrations, charts, maps ; 24 cm
Additional Contributors: Humphries, Stan - Author
Alternative Title: New rules of real estate


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Oct 16, 2015

The book is very informative, very common sense. Like Garth Turner's web blog, this book is a nice intelligent conversation about real estate. Zillow, and other US websites, show a ton of info about properties, unlike Realtor.ca - Cdns have never been more in the dark about buying homes than ever before. It used to be location, location, location, but this book is bang on when it's really about data, data, data. The conclusion warns of another US bubble if rates go up....just like the dialogue here in Afghanada. Where will Cdn real estate be in 2017....scary.

Mar 24, 2015

This book was recommended on a REIN article. Zillow has a website with loads of data. The book is about US Real Estate, a hot topic for snowbirds and investors. Zillow busts several myths such as, "buy the cheapest house in the best location." and that the 1913 homeowner mortgage interest tax deduction MID benefits lower-income people. It goes on to say that until 1954, credit card debt could also be deducted, but fails to mention that according to Wikipedia, general use credit cards weren't in use until the '50s. It confirms that if the last non-zero in the listing price is a 9, you will get a higher offer.
It assumes you know when the Master's Golf Tournament is. (Around April 6.) You must list before. Easy read, fact-filled. I always search for ambiguities, and there are some. Page 112, "On the other end of the spectrum, word choice is just as important for a seller...Bottom tier.. " But previous to that also discusses the same thing.
Page 235 shows MID helps Taxpayers, 53% of population; of which only one third itemize deductions leaving 18%. Take away 20 % who are renters or have paid off their mortgage CORRECTLY leaving 14%, not minus 2%. 18 -20%=14. On page 154 "listing discount" means this sale was below the listing price. This could easily be understood to mean " the listed asking price was reduced." On page 178, 27,012 packed into EACH OF THEM refers to 302.6 square miles, not the 5 boroughs of Metro New York. Then a comparison is made to "the rest of US " at 87 people per square mile. At 3.8 million square miles for whole US, this is the comparison, not just other urban areas.


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