By David Saks
I got an email from Zillow about ten minutes ago. According to Zillow's latest Home Value Report, home values in Memphis decreased 0.6% in the first quarter of 2008, compared to the first quarter of 2007. although they didn't tell what it was compared to. Nationally, single-family home values decreased 7.5% while condo values declined 9.0% during this same period. That's point six percent boys and girls, so that 300 thousand dollar house is worth 1800 bucks less now according to the infinite wisdom of Zillow. Should one use this information to benefit or scare their clients away?