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UPDATE: Zillow greatly improved the accuracy of their Zestimates in June 2016 so I updated this post in July 2016. Post was originally published in July 2015. https://youtu.be/rfWzMI_VwTQ Note: I haven't updated the video to reflect Zillow's improved accuracy. The Problem You have a home for sale and Zillow's Zestimate for the house...
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Zillow publishes the median percentage error of their Zestimates but I think it's a lot easier to think in dollars rather than in percentages. So I converted the published Zestimate percentage errors into dollar errors for 25 U.S. metro areas and the U.S. as a whole.
You can also watch video directly on YouTube to see what caused the housing market crash and the Great Recession. https://youtu.be/TRDMSh96oik Housing Bubble Explained Clearly As a real estate agent in the bubble city of Phoenix, I often wondered what the hell was happening during the Great Real Estate Bubble. 10 years after the...
"Housing was terrible." So begins Tim Geithner's lecture on housing in his new Coursera course, "The Global Financial Crisis." Tim Geithner, U.S. Treasury Secretary from 2009 to 2012, explains what the government did to stop the financial panic of 2008 from becoming another Great Depression. (Geithner is quite fond of making comparisons to the...
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https://youtu.be/4SR1Sc3P9BQ The Big Short movie tells the story of three outcast groups of investors who predicted in 2005 that home prices would crash and found ways to make fortunes out of it. One of the real-life heroes of the action/adventure/wall-street flick is Michael Burry, the quirky character played by Christian Bale. New York Magazine published an...