[HN Gopher] Zillow Is Manipulating the Housing Market
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       Zillow Is Manipulating the Housing Market
        
       Author : throwaway803453
       Score  : 18 points
       Date   : 2021-07-07 20:42 UTC (2 hours ago)
        
 (HTM) web link (www.youtube.com)
 (TXT) w3m dump (www.youtube.com)
        
       | throwawayftphub wrote:
       | I had planned on selling my own property without an agent but a
       | different video warned if I did that, Zillow would immediately
       | reduce my Zestimate by ~20%. Because of that I ended up using a
       | agent, only to find that Zillow immediately removed the zestimate
       | once we listed the property which defeated the whole purpose of
       | hiring an agent.
       | 
       | The above was for Austin and whether or not a zestimate appears
       | for an active property seems random.
       | 
       | Now I would like to sell my property in Reno, NV without an agent
       | and I am not sure what will happen to the zestimate. Perhaps I am
       | overvaluing the importance of Zillow's estimate. There are other
       | stories that Zillow will immediately knock down the estimate of a
       | For Sale By Owner home and then call the seller with an offer
       | that is slightly above their lowball estimate. But that level of
       | manipulation seems hard to believe.
        
       | readflaggedcomm wrote:
       | Cheap debt always results in buying and building. Building has
       | been especially expensive lately, so buying became more popular.
       | Both can be speculative, at large or small scales.
       | 
       | How is this "control"? What makes it unfair? Maybe all those
       | recently listed properties were undervalued compared to expensive
       | construction.
        
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       (page generated 2021-07-07 23:02 UTC)