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Media Company Data Reveals Stabilizing Real Estate Market

Trulia, Zillow data shows promise:

Kris Berg as Marker ManMedia companies Trulia and Zillow release data this week that shows promise of a stabilizing real estate market. According to Trulia, fewer home sellers were slicing pricing this month with 22% of homes at a discount compared to 25.6% in November (based on homes listed on the Trulia.com website).

Zillow says home value losses are stabilizing, with one in three cities seeing gains in 2009. Zillow data shows losses are recovering the best in Rochester, NY while value losses are suffering the worst in Phoenix, AZ.

What is it like in YOUR market? Are values stabilizing and price slicing decreasing or is it a different story in your homefront?

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Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

6 Comments

6 Comments

  1. Jim Duncan

    December 10, 2009 at 6:46 am

    What I wouldn’t give to get this data localized to my market … as it is, all it does is represent overall consumer sentiment, which can be misleading at best and deceptive at worst. 🙂

    I can’t figure out my market, as we don’t have enough data – mortgage defaults, planned defaults, foreclosures, shadow inventory – to make a sufficiently educated guess.

  2. Benn Rosales

    December 10, 2009 at 10:09 am

    So media companies can say things are getting better but Yun can’t? I don’t get it. 🙂

  3. Fred Romano

    December 10, 2009 at 10:19 am

    Does anyone REALLY know what’s going on? It’s so up and down week by week.

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