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Old 08-12-2009, 02:50 PM
 
Location: Land of Thought and Flow
8,323 posts, read 14,574,855 times
Reputation: 4934

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All I can do is post a link before I lose control of my laughter...

Check it out! (http://www.wvec.com/news/topstories/stories/wvec_top_081109_zillow_rank.ced9f142.html - broken link)

*falls out of chair laughing*
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Old 08-12-2009, 05:25 PM
 
1,700 posts, read 5,656,685 times
Reputation: 1567
Man, I was just coming here to post this, haha. Didn't seem right to me either.
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Old 08-13-2009, 10:24 AM
 
Location: Newport News
69 posts, read 219,565 times
Reputation: 35
who's even heard of this zillow.com?

wvec.com (and wavy.com while we're at it) really need to hire better proofreaders.
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Old 08-13-2009, 12:51 PM
 
1,477 posts, read 5,735,987 times
Reputation: 1103
Zillow.com is a big nationwide real estate site but I have never had much faith in their numbers .......
Do I think Va Bch is the best place to buy a home right now.......heck no but I do have to agree with some of his statements......we can dispute them all we want but......
unemployment is low............. ( below the national average in the last stats I seen).......
we have a good military base........(try bases including the largest one in the USA)................ we have a good defense industry.........(no brainer with the number of military bases in the area).....
employment is pretty steady here compared to the rest of the country," (this claim is kind of weak)

But other then the last claim the rest are pretty hard to dispute............

But there is many more factors to look at before you get a true picture of a local home market......and if VA Bch is the best place .....man I am glad I dont live anywhere else....
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Old 08-14-2009, 03:42 PM
 
520 posts, read 1,547,503 times
Reputation: 86
Zillow is well known, but well known to have totally broken data. It tries to computer-model the values of houses based on information they obtain from the local gov't. People thought they would revolutionize real estate, but then once the site went public it was like... hmmm.

It now has info on homes for sale which is neat. But it didn't overthrow the real estate cartel by any means. It's no RedFin. Heh.
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