en en en en en en en en en en en en ja en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en nl en en en en en en en en en en en en en en en tr en en en en en en en en en en en en tr en en en es en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en en es en en
Zillow.com acted very bravely by participating in a panel discussion about the future of real estate information [OCR] at a Realtor convention. The president of Zillow, Lloyd Frink, took the high road, yet was pretty candid about the future of the relationship between Realtors and their clients and customers.
“We believe the relationship between Realtors and their clients is going to change in the future,” Frink said in response to critics in the room. “As opposed to Realtors being gatekeepers of this information, they become much more of experts on what this information means.”
His is right and its already happening. 75% of buyers and sellers start with the Internet first before contacting an agent. Think about it, why would the Zillow concept, warts and all, be so popular? Is it because Realtors are accurate? Thats really not the point at all. Consumers want to gather information and digest it before they enter the sales process. The problem with Zillow, is its not consistent in its results so it promises more than it can deliver. Since the results come from a secret black box of algorithms, its a tough sell to real estate professionals.
But Realtor.com was pretty annoyed with Zillow [Telegraph] and went on the attack (aka the low road) which may have gotten some laughs and attention, but doesn’t help their cause at all. It paints a picture of the old guard, trying to keep things the same, which is not what the trade group needs to do.
Allan Dalton, president of the competing Realtor.com site, bitterly criticized Zillow.com, likening the site’s trademark Zestimates of home values to a carnival weight and age guesser.
Realtor.com, which is sponsored by the National Association of Realtors, provides listings of homes for sale by ZIP code from Realtor databases.
“The whole notion of suggesting to people that they can find out what their home is worth without a Realtor offends me,” Dalton said.
You’ve got to admire Zillow’s attempt to bridge the gap between them and the Realtor community. They are simply providing a new tool, valuable or not, to a trade group that is seeing the world change around them. However, its going to be a tough road for Zillow despite the fact that they are one of the most popular real estate sites on the web. Because a large portion of their target advertising market is real estate agents and the parent trade organization sees Zillow threatening their relevancy and causing more market confusion, its not a lovefest and probably never will be.
Whats interesting about the whole polarization of Zillow’s popularity, is that Zillow does not provide listings, yet are viewed suspiciously by agents. The initial rollout with promises of complete market coverage by Zillow, resulting in significant inconsistencies in results, is what has got many agents upset.
Zillow has promised more than it can deliver, which I have commented on before. Some market results are amazingly accurate, while some are not even close. The problem for the reader is having some way to measure its pricing reliability before it can be taken as a serious tool. Thats why the Realtors should not feel threatened at all.
Those that I have spoken to at Zillow are a very nice, earnest bunch of people trying to do what no one else has been able to. However, at the end of the day, (Of course I am not without bias here since I provide property valuations for a living.) the black box approach to valuation will always be viewed with suspicion. I guess thats besides the point.
GET BLOG POSTS DIRECTLY TO YOUR INBOX!
Sign up to stay updated and get Jonathan Miller's blog posts by email.
18 Responses to “Zillow Gets Pillowed In Old School Smackdown”
October 19, 2006 at 6:56 am
… and the parent trade organization sees Zillow threatening their relevancy…
I don’t know that NAR has come out against Zillow, but Realtor.com certainly has because their business model is threatened.
Zillow and Realtor.com have similar goals – to enhance their bottom line. Realtor.com answers to their shareholders and Zillow to their investors.
NAR must answer to their constituency, but I am not certain yet that Zillow is anything but another tool for good Realtors to use. They in no way replace Realtors; they may even make my job easier so long as I can efficiently implement their tool.
Realtor.com however, most assuredly is threatened, as they and Zillow are competing for the same dollar. Why else would Realtor.com have added a “What’s your home worth?” feature to their front page?
October 19, 2006 at 7:19 am
Interesting that the realtors were so rabid. At the Inman News Real Estate Connect Conferences, I’ve never seen agents attack zillow in that way. I guess only forward thinking agents go to technology oriented shows.
October 19, 2006 at 11:17 am
“The whole notion of suggesting to people that they can find out what their home is worth without a Realtor offends me,” Dalton said.
Wow, that’s a breathtakingly arrogant statement.
Thanks, as this is the most balanced viewpoint I’ve seen yet on this subject.
October 19, 2006 at 9:38 pm
Zillow supplying factual data is noble & good for consumers, provided such data is accurate, complete and fresh. The recent allowance for owners to add or correct key data acknowledges this flaw and seeks to address it.
But when lacking critical data such as beds, baths, square feet, total rooms & even # of units (in the multifamily link below), zillow proudly publishes a Value, some think that’s fine & excusable. If you did it, you’d be labeled incompetent. I don’t understand the double standard. Should providing a free service excuse accuracy? Perhaps.
I am curious to know your opinion whether an owner should have the right to opt-out of their zestimate rather than having to register to correct it (even though it’s not actually corrected, just published beside the zestimate.) There is the potential risk that an owner trying to sell in the face of a grossly inaccurate zestimate might have buyer resistance or worse yet, have potential buyers pass the home by.
October 20, 2006 at 4:11 am
Zillow actually tells you what areas are more accurate than others on . I guess I should thank my County Clerk for Zillow’s relative accuracy where I live.
Jonathan J. Miller says:
October 20, 2006 at 6:29 am
jf – I don’t think there is a choice. The data used is in the public domain. They should have the right to refute the results and thats why they should have to log in, I believe. However, whose to say some crack head (bad neighbor) won’t ry to sabatoge the homeowner’s sale) by posting their own comments on the house if the homeowner doesn’t. Its a bad situation for the homeowner.
Free infers less precision, so as long as the product is marked accordingly, thats ok. I think the turmoil created has been the assumption that the result was gospel, and people will rely on the results, which may or may not be accurate.
It would be neat if they had a free and pay version. The pay version involved a higher level of calculation, or interaction with a person (self-serving for me, perhaps) for them to determine the accuracy level based on the data fed in. In mortgage parlance, its called “Appraiser Assisted Automated Valuations Models.” National lenders I speak with indicate that AVM’s are nearly all crap (a valuation term)) something like 10 to 20% are remotely reliable on their on.
October 20, 2006 at 8:00 am
I am on Zillow’s side in that information should be made available to consumers, which is why I have a blog. I have direct contact with consumers and just can’t give them enough information, but my standards are stringent when it comes to accuracy. I sometimes have to do an hour or two of research just to write a couple of paragraphs. The old fashioned concepts of data integrity and being accountable for your data are still a priority for me, I won’t publish anything that may be inaccurate.
October 20, 2006 at 1:41 pm
NAR sounds like King Canute trying to stop the tides. “Data wants to be free” and Zillow is certainly responding to a consumer itch for data. Their proprietary algorithms are very likely to get better (they have too much money behind them to not focus on that).
Zillow creates a huge opportunity for agents to explain what they do and how they add value. A consumer who comes pre-Zillowed should be ripe for a conversation about what elements Zillow may miss or mis-value in order to really understand what a property is worth.
If I can’t persuade a seller or buyer that I know more about Manhattan loft valuation than Zillow does, I shouldn’t be in business very long. But I plan to stay, and I welcome the chance to demonstrate value to consumers. Agents who cry that Zillow is unfair (or worse) sound shrill, protectionist and (increasingly) irrelevant. Kinda like Alan Dalton’s “The whole notion of suggesting to people that they can find out what their home is worth without a Realtor offends me”.
Like Zillow, Realtors® can only estimate what a home or apartment is worth. The only way I know of to actually find out what it is worth – as I tell buyers all the time – is to let somebody else buy it. That is the market price; that is the best indicator of “value”.
Zillow doesn’t offend me, but what would it matter if it did?? It will either fail, metastasize or succeed based on whether consumers (advertisers) perceive value in it. Won’t matter what I think, or Dalton.
October 20, 2006 at 4:12 pm
Lloyd Frink weighs in with his own update of the panel discussion at the Zillow Blog. His version is pretty tame.
October 20, 2006 at 4:47 pm
when realtors lose their lock on information, they become glorified tour guides.
as a buyer, if I know the recents comps in the neighborhood, school data, mortgage rates/fees, tax assessments, etc– what “expertise” can a realtor offer me?
If I am a seller and have the same information and can advertise my property online (where most buyers look), and the online site can allow me to schedule showings automatically, how much value does a realtor ad?
If I am either a buyer or a seller and I have an attorney help me with offers and closing (who charges by the hour), why do I also need a realtor to charge me a fixed percentage of the deal?
the reality is that realtors bring very little value to the buying and selling of homes once you take away their lock on information
October 20, 2006 at 4:59 pm
I make a distinction between public data and someone’s “opinion” of the value of my home. The public data is of course free & should be open to all BUT it does NOT provide an opinion of value–it is merely data. The exercise of human or computer algorithm to arrive at an “opinion” of value is a proprietary, non-public number.
To the extent z’s “opinion” is grossly inaccurate and can interfere with the marketing of my home, I assert the right to demand zillow not publish their “opinion” of value. I liken it to having a “for sale” sign on my home for $400K and zillow standing across the street with a sign saying “Buyers do not overpay, that home is only worth $275K”.
I should not be forced to register to supply the missing or incorrect data that renders the zestimate grossly inaccurate. Besides, zillow would NOT change the zestimate. David G. of Zillow has told me that zillow will not let an owner opt-out under any circumstance. This issue remains to be resolved.
I am also curious whether you have an opinion regarding the need for a conspicuous “non appraisal” disclaimer on zillow’s home page and beside each zestimate, as some brokers are legally required to display on their CMAs, given zillow’s preamble that buyers should not “overpay” and sellers use it to “help set a price”.
October 20, 2006 at 5:05 pm
and here is the pretty tame stuff that Frink of Zillow had to say on his blog about the event: http://www.zillowblog.com/zillow_blog/2006/10/zillow_at_car.html
October 20, 2006 at 7:21 pm
How dare Zillow attempt to minimalize the value of engaging the services of a professional Realtor to obtain a home valuation. The sheer audacity of these people simply amazes me.
Don’t they know the rigorous standards maintained by the National Ass’n of Realtors and its state associations for entry into the profession. Why, in Michigan, you have to take a forty hour course to get a license! That is five straight days in class, for eight hours a day. And that doesn’t include the lunch breaks, either! (Although my instructor did give credit for time spent in potty breaks).
And these Zillow geeks think that a computer could do a better job? What a bunch of morons. They should be in the carnival.
Jonathan J. Miller says:
October 20, 2006 at 10:50 pm
Allan Dalton of Pres of Realtor.com was just promoted…. http://www.rismedia.com/index.php/article/articleview/16389/1/1/
October 21, 2006 at 1:37 pm
Skep-tic: As a broker, I would like to say your statement is true for brokers who think their job consists of taking clients to open houses. However, there is much more value added to the process by a broker who does his/her homework by gathering accurate information and presenting it to the buyer/seller in a timely manner. Buyers use brokers to avoid the hassle of going through thousands of listings on line (including many with insufficient or incorrect information), gathering information on the building and apartment, making (and keeping track of) MANY phone calls, finding out small but crucial details (length of time apt has been on the market, initial listing price, offers, deals that fell through, etc which are determining factors on the owners motivation to make a deal), searching comparables in the building and the neighborhood, and last but not least preparing application packages. True, the information is available, but most people can’t or don’t want to take the time to search for it. You would be amazed to see how much handholding brokers need to put in a deal. As far as sellers go, it is a huge mistake to think all it takes is advertising for your property on line and voi la! Enter buyer! NOT! It takes accurate pricing and a carefully planned marketing strategy. Most important of all, it takes a lot of time and PATIENCE. Please understand that real estate is the most personal and emotional business transaction; and naturally, sellers are biased when it comes to their homes. It is much harder than you think to stand there and listen to someone bash the custom-made built-in entertainment unit that you are so proud of. Not to mention the process of qualifying buyers and the cumbersome paperwork.
I think your statement about brokers bringing little value to the process is unfair to brokers who do their job right.
October 23, 2006 at 5:04 pm
>I think your statement about brokers bringing >little value to the process is unfair to >brokers who do their job right.
Think about it this way:
In the stock market, you can go to bear-stearns and pay hundreds of dollars per trade, and you get access to all of tehir research, opinions and expertise.
Or, you can go to scottrade, pay $7 per trade and do it all yourself.
There is room in the market for both, but the weaker hands will be forced out.
October 25, 2006 at 12:55 pm
How much of what you stated is due to realtors having a lock on market info? if consumers could get this info directly, maybe for a small fee, how much would a realtor be worth?
I understand that realtors provide a service besides information gathering, but it is hard to believe that all of this handholding is worth 6% of a deal. That is what underwriters of an IPO charge.
Subscribe Twitter Linkedin Envelope
If you haven't already, sign up for 'Housing Notes' to receive weekly insights and research.
Jonathan Miller is President and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm he co-founded in 1986. He is a state-certified real estate appraiser in New York and Connecticut, performing court testimony as an expert witness in various local, state and federal courts. He holds the Counselors of Real Estate (CRE) and Certified Relocation Professional (CRP) designations. He is an Appraiser “A” Member of the Real Estate Board of New York and a member of Relocation Appraisers and Consultants, Inc.
Subscription Service Coming Soon
You'll be able to choose from an array of robust housing metrics compiled using research developed during the preparation of our market report series. Expanded significantly from prior offerings, use this resource to build charts and custom data tables or leverage your own information for more powerful research and presentations.
In the meantime, here is a small sample of the aggregated data we will provide.
“Jonathan Miller: One of the top 25 most influential U.S. real estate bloggers.” –Inman News
“Miller is arguably the most influential voice in residential property valuation markets today.” –Altos Research
“A web site 'worth visiting.'” –Realtor Online Magazine
“Jonathan Miller, the go-to expert on all residential real estate figures.” –Crain’s New York Business
“Should we have seen this coming?...I spoke to appraiser Jonathan Miller 3 years ago.” –Jane Wells, CNBC
“Jonathan...understands how to take numbers and explain them to people in a way that makes sense.” –Dottie Herman, President and CEO, Douglas Elliman
“In this ever changing NYC market, Jonathan’s reports give me an accurate snapshot at any given time.” –John Gomes, The Eklund Gomes Team / Douglas Elliman Real Estate
“Jonathan Miller is well-known for taking the pulse of Manhattan real estate.” –PBS Nightly Business Report
“In the real estate world, Jonathan Miller is where street-smart meets book-smart.” –Jed Kolko, Chief Economist, Trulia
“Jonathan Miller delivers the unflinching and un-fluffy truth about an industry he knows inside out.” –Teri Rogers, Brick Underground
“Market Analyst Jonathan Miller: Thank the Flying Spaghetti Monster he's on our side.” –Curbed Miami
“Jonathan Miller’s blog Matrix. Completely Keanu Reeves-free real estate economics, not for beginners.” –Curbed San Francisco
“Jonathan Miller: He's the guy with 'boots on the ground' when it comes to real estate.” –Tom Keene: Bloomberg TV, Surveillance
“Jonathan Miller...one of the nation’s most prominent appraisers.” –Money Magazine
“Jonathan Miller, the most popular guy on the block when talking about real estate in New York.” –Tom Keene, Bloomberg Radio
“Jonathan is a legend, one of the most quoted appraisers and experts in the industry.” –Dottie Herman, President and CEO, Douglas Elliman
“It’s tough to find the good guys..Fortunately we found one. His name is Jonathan Miller.” –Glenn Beck, CNN
“His prescient 2012 declaration that “luxury real estate is the new global currency” was repeated as gospel...” –New York Post
“Jonathan Miller, the appraiser who is the savviest observer of the local residential market.” –Crain’s New York Business
“Expert Appraiser Jonathan Miller: New York City’s Real Estate Data Wizard” –Epoch Times
“Matrix: One of the top five U.S. real estate blogs.” –Inman News
“If market guru Jonathan Miller said it, it must be true.” –Stuart Elliott, Editor-In-Chief, The Real Deal
“Check out Superstar Appraiser Jonathan Miller’s blog Matrix for the latest in depth information on NYC housing.” –Urban Digs
“If New York real estate is a sport, one of its most prominent score keepers is Jonathan Miller.” –New York Daily News
“A combination of Godzilla, King Kong, and Hurricane Katrina all wrapped up in one as he wreaked havoc on the housing market.” –New York Sun
“JM makes real estate stats talk in language that normal people understand.” –Teri Rogers, Brick Underground
“Then there is Miller’s authority in residential appraisals.” –Reuters
“Jonathan Miller, President of Miller Samuel and real-estate savant.” –Curbed Miami
“A Curbed reader goes all 'Jonathan Miller' on us.” –Curbed New York
“Jonathan Miller, owner of New York City’s Miller Samuel and one of the nation’s most prominent appraisers” –Money Magazine
“Renowned appraiser and [Matrix] real estate blogger, Miller is a statistical wizard. Can dodge bullets in slow-mo.” –Real Estate Tomato
“Jonathan Miller, the demigod of New York real estate stats.” –New York Observer
“The oracle of New York City real estate: Jonathan Miller.” –Amir Korangy, Publisher, The Real Deal
“His market reports are to the Manhattan housing market what those brackets are to the NCAA Tournament.” –New York Observer
“Jonathan Miller: One of the best finance people on Twitter.” –Business Insider
“Why is Jonathan Miller’s Matrix required reading? …He grabs you right from the start.” –New York Times
“Jonathan Miller, an appraiser dubbed 'the Wikipedia of Manhattan real estate.'” –Barrons
“Jonathan Miller is the most trusted (and quoted) man in New York real estate.” –New York Observer
“Jonathan Miller: Best online real estate expert.” –Money Magazine
“Jonathan Miller is 'one of the most important people in real estate.'” –Elizabeth Ann Stribling-Kivlan, President, Stribling & Associates
“Jonathan Miller of Miller Samuel is a NYC real estate "cultural icon."” –Katherine Clarke, New York Daily News
“Miller Samuel CEO Jonathan Miller holds the key to the luxury real estate market.” –Deirdre Bolton, Anchor, Fox Business
“Jonathan Miller: the true God of real estate data.” –Fredrik Eklund, The Eklund Gomes Team / Bravo’s MDLNY
“Our sherpa in the land of broker euphemism for the current state of the housing market.” –New York Observer
“Miller is the best real estate blogger out there.” –Bankrate
“Jonathan Miller is one of the icons of the real estate industry.” –Real Estate Board of New York
“Our man Jonathan Miller drops the truth bomb.” –Barry Ritholtz, The Big Picture Blog
“Miller’s more than 20 years of real estate experience comes out in this no-nonsense blog.” –Seeking Alpha
“When it comes to markets trends, nobody knows the multiple NYC real estate markets better than Jonathan Miller.” –John L. Heithaus, CSO, Buyside
“Jonathan Miller delivers real estate news in language even a blogger can understand.” –Curbed DC
“His quarterly reports on the New York City-area market is considered required reading among real estate professionals.” –Reuters
“Somebody-explain-this-crazy-market-to-me guy Jonathan Miller.” –Curbed New York
“New York real estate maven Jonathan Miller.” –Slate
“Jonathan Miller...Manhattan’s most revered independent appraisers of residential property.” –Daily Telegraph (UK)
“Jonathan Miller is 'a complete pro, a shining star in the real estate industry.'” –Donna Olshan, President, Olshan Realty Inc.
“Jonathan Miller is a master of his craft...we are lucky to have him as an advocate for appraisers.” –Phil Crawford, Voice of Appraisal
Columns by Jonathan Miller
'Three Cents Worth' column 3CW ('05- )
Curbed 3CW Full Chart Archive
Op-ed column ('14-'15 )
'Economic Spotlight column ('03-'09)
New York Times experiment ('08-09')
The Manhattan Market by Zip Code on
Favorite "How to Value" Posts
Matrix Post Categories Select Category Greenwich CT China Manhattan New York City Brooklyn Queens Hamptons/North Fork Long Island Westchester County, NY Putnam County Dutchess County, NY Connecticut Fairfield County, CT Miami (Beach + Mainland) Boca Raton Fort Lauderdale Palm Beach Florida Los Angeles Aspen Baltimore New Jersey Chicago Philadelphia Charleston, SC Washington DC Northern Virginia Paris, France Canada Affordability, Affordable Housing Amenities, Adjustments & Value Logic Analysis & Research Appraising Backyard BBQ Talk Blogging Off The Matrix Blogosphere Boards & Associations Books & Movies Boom Bubble Bust Brokers, Agents, MLS, NAR Celebrity, Pop Culture Charts, Maps, Images, Infographics, Video Commercial, Retail Continuing Education & Licensing Credit, Finance, Mortgage, Rates Crime, Protests, Social-Unrest Development, Construction, Architecture & Land Distressed Housing Economy Elliman Reports Environmental Federal Reserve Bank Government, Politics, Regulations & Policy Guest Post (Vortex) Historical, Landmark, Milestone Homebuying Process Housing Note Housing Indices Housing Trends & Cycles Humor or Whimsy In The Media International Interviews Junk Statistical Analysis, Luck, Superstition and Coincidence List-o-links Luxury, Super, Ultra, Mega Language, Jargon & Quotes Law, Ethics & Fraud Market Reports Adventures in Media & Marketing Op-Ed Migration, Psychology, Demographics Public Speaking Records, Thresholds and Outliers Rentals, Investing Sales Social, Tech, Gadgets, Software Statistics, Metrics & Data Suburban, Urban Taxes, Insurance, Fees Time Out Unusual Properties Wall Street, Financial Services Weather & Natural Disasters Zoning , Land Use, Location, Transportation Bloomberg News Bloomberg Radio Bloomberg TV Bloomberg View Brick Underground Crain’s New York Business Curbed: 3 Cents Worth Douglas Elliman Downtown Alliance Federal Reserve, New York Fox Business Furman Center The Housing Helix Inman News IRS Knight Frank New York Magazine New York Times Relocation Appraisers & Consultants The Real Deal RealtyTrac Trulia Urban Land Institute Wall Street Journal Yahoo! Finance
Matrix Blog Monthly Archives
Matrix Blog Monthly Archives Select Month December 2016 November 2016 October 2016 August 2016 May 2016 April 2016 March 2016 February 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 February 2012 October 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005
Recent Comments on Matrix
Jonathan Miller on Sadly, The Appraisal Institute is now working against its local chapters
Lee H Waronker, MAI, SRA on Sadly, The Appraisal Institute is now working against its local chapters
Jonathan Miller on Declaring A Housing Recovery Using A Threshold Based on Fraud
Gerald Guterman on Declaring A Housing Recovery Using A Threshold Based on Fraud
Jonathan Miller on China: A Housing Market Without Re-sales?
Adventures in Media & Marketing Bloomberg News Bloomberg Radio Bloomberg TV Bloomberg View Brick Underground Crain's New York Business Curbed: 3 Cents Worth Douglas Elliman Downtown Alliance Federal Reserve, New York Fox Business Furman Center Inman News IRS Knight Frank Language, Jargon & Quotes Law, Ethics & Fraud Luxury, Super, Ultra, Mega Market Reports Migration, Psychology, Demographics New York Magazine New York Times Op-Ed Public Speaking RealtyTrac Records, Thresholds and Outliers Relocation Appraisers & Consultants Rentals, Investing Sales Social, Tech, Gadgets, Software Statistics, Metrics & Data Suburban, Urban Taxes, Insurance, Fees The Housing Helix The Real Deal Time Out Trulia Unusual Properties Urban Land Institute Wall Street, Financial Services Wall Street Journal Weather & Natural Disasters Yahoo! Finance Zoning , Land Use, Location, Transportation
Matrix Top Level Tag Cloud
Articles Awards Books Charts Columns Favorites Infographics Milestones Podcasts Public Radio Reports TV, Videos
Aspen Baltimore Boca Raton Bronx Brooklyn California Colorado Delray Beach Dutchess County East End Fairfield County Fort Lauderdale Greenwich Hamptons Juno Beach Jupiter Long Island Los Angeles Manhattan Miami (Overall) Miami Beach Miami Coastal Mainland New York City New York City (Aggregated) New York City Suburbs North Fork Palm Beach Palm Beach Gardens Putnam County Queens Singer Island Snowmass Village South Florida Staten Island Tequesta U.S. Washington Westchester County
Adjustments Alexei Barrionuevo Appraisal Contemplations Appraisal Fees Bank of America Home Loans Bronx Brookings Commercial Grade Decade Fee Simplistic Freddie Mac Guy Kawasaki Harvard Housing Prices Identity Theft Jeffrey Appel Lehman Mark Stockton Math Miller Cicero Miller Samuel Mortgage MRIS NAR National Association of Realtors New York Times Nicholas Retsinas Palumbo on USPAP Radio RBI RBI Pending Home Sales Index Relocation RESPA Short Sales Staten Island State of the Nation's Housing Straight from MacCrate The Apple Peeled The Hall Monitor The Navigator Twitter USPAP Valuation Review Valuations Unlimited WSJ
John Burns Has It Wrong, Luxury Home Sales ...
Last week a newsletter from John Burns Consulting got big SEO points by exclaiming that Wall Street Has It Wrong: Luxury Home Sales Increasing. Normally his firm is a good source of housing research, but this time they missed the… Read More