Thursday, February 15, 2007

Zillow: David Lereah's House Declining In Value

David Lereah's primary residence, like other houses in the Washington, DC metro area, is losing value. According to Zillow the peak price for Mr. Lereah's house was 959K in June 2006. Since then the price has declined about 11% to an estimated (Zestimate) price of 852K.

It is ironic that David Lereah's house is losing value while he is busy declaring the bottom of the housing bubble every few months.

Mr. Lereah lives in a large 5 beds, 5.5 baths, 3,068 sq ft located in the outer suburbs. Mr. Lereah's property tax assessments on this house were $7,520 in 2006.



At 10:11 AM, Blogger FRANK LL0SA Va Broker- said...

Doesn't have a "Make me Move" function where they will send unsolicited offers to the owner? What would YOU pay for this house?

Try it. Maybe he is looking to liquidate!

Frank- Va Realtor/Broker
As featured in BusinessWeek, NY Times, WSJ and CNBC.

At 10:15 AM, Blogger blogger said...

great work david! I just posted a link to you.

Anyway you can find out what investment properties this guy owns?

He's the Henry Blodgett of the housing crash.

keith (housingpanic)

At 11:08 AM, Blogger tmaioli said...

Good find - we need to follow this and see how his statements track with his home value. hahahahaha

At 7:39 PM, Blogger tmaioli said...

852K/ 3,068 sq ft = $277.7/sq ft

Better than:

Manufactured housing models have come a long way since earlier days. With costs hovering at about $38 per square foot versus $78 for a traditional site-built home, buyers represent all walks of life.

At 1:52 PM, Blogger Oil Shock said...

When ever I see him on TV, waving his pom-poms, I go to to read reviews of his book. LOL

-Oil Shock

At 5:29 PM, Blogger mike said...

Watching with interest from England

At 8:59 PM, Blogger AnalysisGuy said...

Absoluting awesome! I'm glad this self-absorbed and self-serving idiot is losing some value himself. I just hope his home price falls like I just shot up 2006 San Diego Home Prices. OUCH!

At 2:04 PM, Blogger loans4you said... is a fake. Their values have not even come close to any appraisals that we have done. don't pay any attention to zillow values.

At 2:27 AM, Anonymous Anonymous said...

I've looked through property listings on zillow. If I'm not mistaken, this website is a partner of Fizber in property listings.

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