Category: real estate for sale
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Tiny houses starting to make a big impact on housing market
BALTIMORE – How much space do you need to live?
If you’re a tiny house enthusiast, not a whole lot.
“It’s about smart living, not big living,” Garrett County home builder Bill Thomas said.
Thomas, the founder of Hobbitat, constructs homes between 300 and 600 square feet, though many so-called tiny homes are even smaller. Hobbitat’s smallest homes are in Deep Creek Lake’s Blue Moon Rising ecotourism resort, while the “Hobs” designed for full-time living run bigger.
They are still a far cry from the average U.S. home, which is around 2,600 square feet, according to the most recent data from the U.S. Census Bureau.
Read More Here: http://www.abc2news.com/news/watercooler/tiny-houses-starting-to-make-a-big-impact-on-housing-market
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Inaccurate Zillow 'Zestimates' a source of conflict over home prices
When “CBS This Morning” co-host Norah O’Donnell asked the chief executive of Zillow recently about the accuracy of the website’s automated property value estimates — known as Zestimates — she touched on one of the most sensitive perception gaps in American real estate.
Zillow is the most popular online real estate information site, with 73 million unique visitors in December. Along with active listings of properties for sale, it also provides information on houses that are not on the market. You can enter the address or general location in a database of millions of homes and probably pull up key information — square footage, lot size, number of bedrooms and baths, photos, taxes — plus a Zestimate.
Shoppers, sellers and buyers routinely quote Zestimates to realty agents — and to one another — as gauges of market value. If a house for sale has a Zestimate of $350,000, a buyer might challenge the sellers’ list price of $425,000. Or a seller might demand to know from potential listing brokers why they say a property should sell for just $595,000 when Zillow has it at $685,000.
Read More Here: http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html
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