Tuesday, September 20, 2022 / by Justin Critchfield & Michelle Aspseter
Real Estate Stats and How They Influence the Narrative
When it comes to purchasing a home, we’re all on the lookout for the perfect property that fits our budget. House hunting is accompanied by a constant follow-up of news, Utah housing stats or Utah Bubble that would revolve around the real estate market so that we’re in a position to know when the market conditions are favorable enough for us to swoop in and pick the best property. But let’s be honest - we’re bombarded with a crazy amount of information from different sources (realtors and lenders), so as laymen, it can all get a bit confusing.
Amidst all this chaos, it gets difficult for you to understand whether or not the market is in the right position for you to invest in real estate. So if you too are in a confused state of mind, this post is just for you - we’ll be telling you everything you need to know about the real estate terminology so that you can make an informed, educated ; ...
Friday, May 31, 2019 / by Justin Critchfield & Michelle Aspseter
One of the most confusing questions in real estate is
How accurate is Zillow?
A lot of the times buyers and sellers are checking the Zestimate to figure whether it is accurate or not because it is very misleading at times.
How Zillow calculates their Zestimate?
It’s important to know that the Zestimate is calculated via a computer algorithm and the algorithm is based on public data from what the state provides as public record. They can get things like your square footage and the number of beds and baths. But all of the sales that happen are not recorded into Zillow. In fact, if you are in a non-disclosure state, like Utah, the state as a whole doesn’t disclose the sale price. It’s much harder for Zillow to Zestimate Utah than it is for other states.
The accuracy of Zillow is important. According to Zillow's own stats, they say that nationwide, and again Utah is different, about 52% of the homes are wit ...