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Overview
Enter Zillow, the nation's #1 real estate website and mobile app. Thanks to its treasure trove of proprietary data and army of statisticians and data scientists, led by chief economist Stan Humphries, Zillow has been able to spot the trends and truths of today's housing market while acknowledging that a home is more than an economic asset. In Zillow Talk, Humphries and CEO Spencer Rascoff explain the science behind where and how we live now and reveal practical, data-driven insights about buying, selling, renting and financing real estate. Read this book to find out why:
It's better to remodel your bathroom than your kitchen
Putting the word "cute" in your listing could cost you thousands of dollars
You shouldn't buy the worst house in the best neighborhood
You should never list your house for $444,000
You shouldn't list your house for sale before March Madness or after the Masters
Densely packed with entertaining anecdotes and invaluable how-to advice, Zillow Talk is poised to be the real estate almanac for the next generation.
Product Details
ISBN-13: | 9781455574742 |
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Publisher: | Grand Central Publishing |
Publication date: | 01/27/2015 |
Pages: | 288 |
Sales rank: | 959,182 |
Product dimensions: | 6.20(w) x 9.10(h) x 1.10(d) |
About the Author
Stan Humphries is Zillow's chief economist and the creator of the Zestimate. Stan has built out the industry-leading economics and analytical team at Zillow and is a frequent commentator on housing trends for CNBC, Bloomberg TV, and Fox Business News. Stan has a B.A. from Davidson College, a Masters of Science in Foreign Service from Georgetown University and a Ph.D. in government from the University of Virginia. Prior to joining Zillow, he worked with NASA and the Peace Corps.
Table of Contents
Introduction: Leaving Home Our Real Estate Journey Begins 1
Stealing Home: Scoring a Data-Driven Deal on a new House
1 Warren Buffett Is (Always) Right: Why Buying a Home Is Still a Realty Smart Investment 19
2 Stats and the City: Timing Is Everything When Deciding Whether to Buy or Rent 27
3 2-4-6-8, Neighborhoods That Will Appreciate: Predicting the Next Hot Spot 35
4 The Starbucks Effect: How Lattes Perk Up Home Prices 49
5 It's the Worst House for a Reason: Why You Shouldn't Buy the Worst House in the Best Neighborhood 57
6 Do Your Homework: Finding a Great School District in Your Price Range 65
7 ARMs and Legs: Fixed-Rate Mortgages Aren't for Everyone 71
8 Apples and Oranges: How to Determine Whether Buying a Foreclosure Is a Good Deal 83
9 What to Expect When You're Inspecting: How to Pick the Right Home inspector 93
Moving Out: The New Rules of Selling a Home
10 America's Next Top Remodel: Not All Home-Improvement Projects Are Created Equal 99
11 Magic Words and Dangerous Descriptors: How to Write an Effective Listing 107
12 March Madness: When to List Your Home 119
14 Real Est8 4 Sale: Use Superstitions to Your Advantage 127
15 The Price Is Right: How to Determine Your Asking Price 133
16 Nine Is the Magic Number: How to Sell for More by Asking for Less 141
17 Appraising Real Estate Agents: Reviews Correlate with Performance 147
The Data-Hood: A New Look at Our Nation of Neighborhoods
18 The Gayborhood Phenomenon: Property Values as a Bellwether of Social Change 159
19 What's in a Street Name?: What Street Names Tell Us about Property Values 165
20 Empire Real Estate of Mind: Analyzing the Oddities of New York City 177
21 The Wild, Wild West: America's Most Volatile Housing Markets 187
22 Statistics Are People, Too: Looking at the Housing Bust in More than Just Dollars and Cents 197
23 What's Walkability Worth?: How Walkable Neighborhoods Affect Property Values 211
This Old Housing Market: Rethinking Real Estate In America
24 Owning Isn't for Everyone: The Case for Decoupling Homeownership and the American Dream 221
25 The Third Rail of Real Estate: Is the Mortgage Interest Deduction Really the Best Use of $100 Billion? 231
26 Down by the Seaside: How Waterfront Property Plays by Us Own Rules 239
Conclusion: Follow the Data to Find Your Way Home 249
A Note on Our Methodology 255
Acknowledgments 257
Notes 259
Index 267