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Zillow: Baltimore home sellers see low return on investment
A real estate database company has found that Baltimore homeowners who sold their property last year received $5,000 over what they paid. The Baltimore Sun reports Zillow found the return on investment for homes sold in Baltimore in 2016 was 5.4 percent — the lowest for 33 cities within the report. Zillow senior economist Aaron Terrazas says […]
Realities of Real Estate: Drilling down to determine market value
In previous columns, we’ve talked about something called an AVM or automated valuation model. These are computer programs that attempt to determine the market value of property. In keeping with the computerization of most everything we do, AVMs are becoming a more frequently used tool for both buyers and sellers, as well as real estate […]
Realities of Real Estate: What local knowledge gets you
On a national, and even international, scale the world of real estate is undergoing a transformation, one that could fundamentally change the process of buying and selling homes. The average consumer probably doesn’t notice, but behind the scenes, there’s a power struggle taking place, as a select group of corporate giants position themselves to be […]
Zillow buying Trulia to make real estate titan
Real estate website operator Zillow is buying rival Trulia in a $3.5 billion deal that would make the biggest player in the online real estate market.
Home prices rise 12.4 pct., most in 7.5 years
WASHINGTON — U.S. home prices rose 12.4 percent in July compared with a year ago, the most since February 2006. An increase in sales on a limited supply of available homes drove the gains. The Standard &Poor’s/Case-Shiller 20-city home price index reported Tuesday improved from June, when it rose 12.1 percent from a year ago. […]
U.S. home values have hit bottom, Zillow says
SEATTLE — U.S. home values have risen four consecutive months, Zillow.com said on Tuesday, a trend that led the housing website to declare that the market has turned the corner from its five-year slump. “After four months with rising home values and increasingly positive forecast data, it seems clear that the country has hit a […]
