Idea: build "Home Swagometer" Zillow is telling me a home v…
Idea: build "Home Swagometer"
Zillow is telling me a home value went up 3.1% in 30 days, 20% vs 02/20 That's just dumb. Any tool could do better.
In the Case-Shiller national price index, prices are up 10.4% Y/Y. That's closer to true.
Replies
your Zillow is probably local, your CaseShiller is national. I would bet that accounts for the discrepancy.
The question is will the increases continue in applicable (to us) markets, and for how long. There has been a lot of disruption in supply too
I think zillow's basis problem, however they might arrive at it from local "comps" and tax data, is it's not sufficiently statistically normalized.