Real Estate Quote of the Day

I have a friend who's a commercial real estate agent who said this to me the other day:

"Good real estate is one of those things where you think its really expensive but then a few years later its even more expensive and you feel like a fool for not buying it when it was expensive and not really expensive."

Good advice for anything in life worth buying.

Real Estate Peeping Tom

www.zillow.com was featured in Fortune Magazine recently.

Zillow gives you comparative data on what every single house in your neighborhood sold for. It uses a lot of satellite photos to display pricing according to cities and does an absolutely great comparative analysis with other homes. Think Google Maps meets MLS.

It could make real estate agents redundant. You can price your home according to recent market conditions in your neighborhood, city and region and it offers an estimate of what your home would sell for in today's market.

Its only available in the U.S. right now. Check it out.