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14 October 2021 | 5 replies
I suggest getting multiple quotes because each Private Market has their own proprietary rating algorithms and I've seen big diffences for the same property in different companies.
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18 October 2021 | 4 replies
The way that the judgment algorithms work is that once a lis pendens is filed because someone is behind 90 days (or less), it is clarified as a preforeclosure for people like us and sites, but that's not a real thing.
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1 November 2021 | 2 replies
The following are a few that comes to mind:(1) Holding cost/s to fix these properties far outweigh the profit the company was going to make after rehab.(2) The turnaround time to fix these properties is untenable due to the shortage of labor costs.(3) The inflated acquisition price, coupled with an extensive long lead time of raw material have exasperated the new supply of new housing inventory.(4) Institutional investors are selling/bailing because of the sentiment of https://tinyurl.com/Shoeshineboyindicator.(5) And last but not least, the AI algorithm has taken into account the above parameters and predicted a bearish outlook for the subject housing market segment.With all of the above in play, what?
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4 November 2021 | 1 reply
Zillow Group Inc. is pulling the plug on its tech-powered home-flipping operation after deciding that its pricing algorithms weren’t accurate enough to build a stable business."
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5 November 2021 | 5 replies
They obviously made some tweak to their algorithm, or something.
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8 November 2021 | 0 replies
Zillow Offers purchased residential homes based on the popular "Zestimate" pricing algorithm.
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9 January 2022 | 6 replies
I've tried to figure out how I can better predict when it is a possibility, but every lender I ask doesn't have an answer and relies on their systems algorithm.
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11 January 2022 | 7 replies
This is too important to put your trust in algorithms, right?
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9 January 2022 | 0 replies
Here’s a look back at Quincy’s RE market over the past 3 years.About the DataI’m not a realtor with access to the MLS, so the data behind this post comes from Zillow and may therefore be incomplete and/or compel you to algorithmically overpay for billions of dollars of real estate.The data is comprised of 2067 properties (e.g. condos, SFH, MFH) sold in Quincy in the last 3 years.Prices Went UpFirst let’s look at the monthly median sale price over this period:A little choppy, but things are generally up and to the right as you’d expect.
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3 February 2022 | 5 replies
I have found this to be a helpful tool when comparing different areas.As Greg alluded to, I would take this data with a grain of salt as I am sure they just use an algorithm to create the forecasts.