Analyzing Zillow Economic Data for Real Estate Market Trends
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- Опубліковано 26 лип 2024
- Want data at your fingertips? Check out Zillow’s Housing Economic data for stats on inventory, days on market, and rent. In this video, we will cover several examples of Zillow’s data and how to analyze them with charts and graphs in excel.
Timestamps for your convenience:
0:00 Intro
0:59 Zillow Housing Data Overview
1:42 Inventory Data Walkthrough
5:15 About Zillow Home Value Index
5:41 Zillow Home Value Walkthrough
Resources:
Zillow Housing Data - www.zillow.com/research/data/
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Thank you for the great information. I have a question about one of the columns, what is "SizeRank"?
Thanks for watching Zizi, I can’t find the exact meaning in the docs but I assume it is ranked by population
I love your channel. Thank you for all these tutorials!
Can you give an example or two of predictive models you would use with this data? Would you use Linear regression or something more advanced? Im curious about your take!
Thanks for watching Rei! Yes, I believe a regression model could work well predicting future values based off of the datasets Zillow provides. I think even more powerful would be adding additional features by combining macro / micro economic datasets from the census too.
With additional data points it could be worthwhile to explore a deep neural network (DNN).
It is important to exercise caution when relying on Zillow for real estate insights. This is because their actions have contributed to the deepening of the housing affordability and inventory crisis. Zillow's "Ibuy" initiative, which aimed to purchase homes directly from sellers, failed, resulting in the offloading of their single-family house inventory to institutional investors who converted them into rental units. Furthermore, Zillow's use of Zestimate for market manipulation makes matters worse. Given these concerns, it is advisable for those looking to buy, sell, or rent a property to avoid Zillow's platform and instead seek guidance directly from trusted local real estate agents and brokers who can offer personalized assistance tailored to their specific needs and circumstances.
Great insight, data can help identify opportunities and mitigate risk but ultimately there needs to be a human element of involvement to fully assess an investment