Comments on: TechCrunch Asks the $24,000 Question http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html Redfin Corporate Blog Sun, 22 Nov 2009 20:09:04 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Oakland Cowboy-Oakland, CA Homes for Sale http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-6158 Oakland Cowboy-Oakland, CA Homes for Sale Mon, 13 Jul 2009 04:14:31 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-6158 These are interesting statistics. I agree with the rest of you that you can't put 100% faith in any of the studies. I guess at best they are good for showing trends. These are interesting statistics. I agree with the rest of you that you can’t put 100% faith in any of the studies. I guess at best they are good for showing trends.

]]> By: Brett http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-3740 Brett Sun, 07 Sep 2008 14:31:15 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-3740 Brett Shaw from Cyberhomes: What really bothers me is that as soon as one site advertised that they had over 3 million listings, so did everyone else. All of a sudden, I saw up to three listings on the same home on zillow. Not only that, but there are different prices as well. Which one is it? All this does is confuse potential buyers and make them question all of the other data on the site. Do not confuse quantity with completeness. Brett Shaw from Cyberhomes:

What really bothers me is that as soon as one site advertised that they had over 3 million listings, so did everyone else. All of a sudden, I saw up to three listings on the same home on zillow. Not only that, but there are different prices as well. Which one is it? All this does is confuse potential buyers and make them question all of the other data on the site. Do not confuse quantity with completeness.

]]> By: Andrew Mattie http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-3615 Andrew Mattie Wed, 27 Aug 2008 06:53:41 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-3615 I'm not sure that "skewed" is an appropriate term for the study. It's just not statistically significant or representative of anything outside of the defined variables in any way. I'm not knocking it -- I'm only claiming that readers of the study shouldn't attempt to surmise the quantity or completeness of the listings within any single database except for within the narrowly tailored parameters listed. I’m not sure that “skewed” is an appropriate term for the study. It’s just not statistically significant or representative of anything outside of the defined variables in any way. I’m not knocking it — I’m only claiming that readers of the study shouldn’t attempt to surmise the quantity or completeness of the listings within any single database except for within the narrowly tailored parameters listed.

]]> By: Consumers Deserve Real Estate Info They Can Trust | A Bird's Eye View http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-3606 Consumers Deserve Real Estate Info They Can Trust | A Bird's Eye View Tue, 26 Aug 2008 18:34:22 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-3606 [...] from folks who have been waiting for this type of discussion to take place.   For example, Glenn Kellman does a great job of summarizing the issues more eloquently than I could at the Redfin .... And we encourage others who share our view that this is an important topic to continue the [...] [...] from folks who have been waiting for this type of discussion to take place.   For example, Glenn Kellman does a great job of summarizing the issues more eloquently than I could at the Redfin …. And we encourage others who share our view that this is an important topic to continue the [...]

]]> By: Why Are We Wasting Our Time? | BloodhoundBlog: National real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-3605 Why Are We Wasting Our Time? | BloodhoundBlog: National real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments Tue, 26 Aug 2008 14:53:54 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-3605 [...] an argument about who has the most homes for sale, which began on TechCrunch and continued on Redfin’s blog, one participant argued that what consumers really care about is advanced filtering options, not [...] [...] an argument about who has the most homes for sale, which began on TechCrunch and continued on Redfin’s blog, one participant argued that what consumers really care about is advanced filtering options, not [...]

]]> By: Frank Borges LL0SA= Broker FranklyRealty.com http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-3600 Frank Borges LL0SA= Broker FranklyRealty.com Tue, 26 Aug 2008 04:55:27 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-3600 Hey Glenn, I'm sure you will agree that all of this is WILDLY confusing for consumers. Recently somebody told me that they "prefer to search on Zillow." I asked, "Why, because you like to see 65% of the homes for sale?" Without the MLS, they have "a bunch" of homes in one area. Sure they can talk about Millions, but tell me how many are in Arlington Virginia! I'm working on FSBOs for my MLS site FranklyMLS.com (currently it launches a link to Craigslist to find the FSBOs) and of course foreclosure data. But the foreclosure sites also have a MASSIVE numbers problem too. My site will pretty much disclose that this data sucks, but they want it, so we will give it to them. Homes listed on these sites are 6 months old and sometimes sold twice already. Why keep them in? Because then you can say you have 1.2M vs a competitor's 1.1M homes. I spoke to an Investor/Realtor (on a panel) that says that these foreclosure sites suck, but he makes a ton of money off of them. The data is so bad, that he bought a zip code and advertises his services. People come to him... and he sells them... drumroll, regular REO homes listed on the MLS. He has never seen one person, or investor use that site to buy anything. For the most part if you have the MLS and Craigslist results, you have 95-98% of the homes for sale in one area. Maybe add ForSaleBy0wner.com for the last couple points (but don't they all list on Craigslist too?) If only Craigslist would allow us to feed their data. Frank Broker FranklyRealty.com, FranklyMLS.com p.s. How about a study on who has the MOST photos? We are about to cross the 30,000 additional photos added to our WIKI MLS. Hey Glenn,

I’m sure you will agree that all of this is WILDLY confusing for consumers.

Recently somebody told me that they “prefer to search on Zillow.” I asked, “Why, because you like to see 65% of the homes for sale?” Without the MLS, they have “a bunch” of homes in one area.

Sure they can talk about Millions, but tell me how many are in Arlington Virginia!

I’m working on FSBOs for my MLS site FranklyMLS.com (currently it launches a link to Craigslist to find the FSBOs) and of course foreclosure data.

But the foreclosure sites also have a MASSIVE numbers problem too. My site will pretty much disclose that this data sucks, but they want it, so we will give it to them.

Homes listed on these sites are 6 months old and sometimes sold twice already. Why keep them in? Because then you can say you have 1.2M vs a competitor’s 1.1M homes.

I spoke to an Investor/Realtor (on a panel) that says that these foreclosure sites suck, but he makes a ton of money off of them. The data is so bad, that he bought a zip code and advertises his services. People come to him… and he sells them… drumroll, regular REO homes listed on the MLS.

He has never seen one person, or investor use that site to buy anything.

For the most part if you have the MLS and Craigslist results, you have 95-98% of the homes for sale in one area. Maybe add ForSaleBy0wner.com for the last couple points (but don’t they all list on Craigslist too?)

If only Craigslist would allow us to feed their data.

Frank
Broker FranklyRealty.com, FranklyMLS.com

p.s. How about a study on who has the MOST photos? We are about to cross the 30,000 additional photos added to our WIKI MLS.

]]> By: Drew Izzo http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html/comment-page-1#comment-3596 Drew Izzo Mon, 25 Aug 2008 19:27:12 +0000 http://blog.redfin.com/blog/2008/08/techcrunch_asks_the_24000_question.html#comment-3596 Nicely put Glenn! And one point of clarification. www.roost.com does have for sale by owner listings. b/w any area that we cover, we cover as you do - completely. To Joe's point: Because each local MLS does not have a geographic border, we occasionally have listings in an area that we do not cover completely. You'll notice that we're honest here with this message: “ listings are under construction. They're all accurate, but not complete like other areas.” Nicely put Glenn! And one point of clarification. http://www.roost.com does have for sale by owner listings.
b/w any area that we cover, we cover as you do – completely.
To Joe’s point:
Because each local MLS does not have a geographic border, we occasionally have listings in an area that we do not cover completely. You’ll notice that we’re honest here with this message: “ listings are under construction. They’re all accurate, but not complete like other areas.”

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