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According to Zillow: The Zestimate® (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow’s estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home’s value. The Zestimate is calculated from public and user submitted data;
The housing market in California looked mostly sunny in May with strong sales and stabilizing home prices, the California Association of Realtors (C.A.R.) reported Friday. A release from C.A.R. showed that home prices in the state posted gains for the third consecutive month
Currently in California home sales have increased from January to February for this year by 5.4 percent. Across all of California 29,630 homes were sold in February. This is a 8.5 percent increase from February of 2011. This is good news for all prospective home owners.