Why Zillow Zestimates Are Flat Out WRONG

Zillow's home-buying debacle shows how hard it is to use AI to value ...

Though the company points out that the Zestimate is not a home appraisal, the feature's accuracy has been called into question over the years.

Why Zillow Is Different from Traditional Appraisals

Zillow does have a “Zestimate” feature that attempts to estimate what any given home is currently worth. However, it isn't necessarily accurate and shouldn't ...

Should you believe Zillow's estimate of your home? - MarketWatch

When Zillow rolled out 'Zestimates' in 2006, it had an error rate of 14 ... Zestimates are flat-out unavailable in Houston and St. Louis, among ...

What Went Wrong With Zillow? A Real-Estate Algorithm Derailed Its ...

The company had staked its future growth on its digital home-flipping business, but getting the algorithm right proved difficult.

Zillow "Estimate" vs Appraisal - GardenWeb

Zillow is all over. My current house when I bought it appraised for 25k more than the Zestimate. Now, it'll appraise (with all new most ...

Zillow Zestimates: Are They Accurate? - Franklin Homes Realty LLC

Real estate is local. It's not unusual for home values to be different from county to county, city to city or, even, neighborhood to ...

Why Your Zillow Zestimate May Be Wrong - Miami Beach Lifestyle

our historical ability to estimate similar homes.” Zillow is a data farm that openly claims inaccurate valuations which may be lower or higher ...

Why Did My Home Value Drop on Zillow? 6 Reasons Why

And if you raise or lower that listing price, the estimate may adjust again. Previously, Zillow has said that its Zestimates are independent of ...

How worthwhile is Zillow to estimate home value? - Bogleheads.org

House ended up going for about 5% over that, very quickly. So I'd say it's not bad. Actually my fear/suspicion is that the estimate is impacting ...

Zillow CEO says Zestimate not Accurate Appraisal

Most full time professional real estate agents and appraisers know a Zestimate is not an accurate way to value a property. For example, only ...

Redfin vs. Zillow Estimate: Which Is Better? - Home Bay

Why Are Zillow and Redfin Estimates So Different? · Reason #1: Zillow Covers More Homes than Redfin · Reason #2: Hot Markets and Renovations Can Mess With Home ...

The Truth About Appraisals vs. Zestimates: [One Appraisers Case ...

Our study revealed that for on market homes, or homes with a recently recorded sale price, the Zillow zestimate had an average error rate of 5.3 ...

Do people manipulate Zillow prices? | Fantasy Football

Zillow will automatically adjust their Zestimate based on what a house is listed at and again after it closes at the actual sale price. Most ...

Why Zestimates Are Zillow's Weak Spot - Frederick Real Estate Online

'Zestimates', and their lack of accuracy in listing information. The listings many times can be out of date as to their status, and the ...

What's The Deal With Zillow Changing Its Zestimates? - Inman News

Zillow has said Zestimates never factor in list prices, but there are cases where info Zillow gains from the list price is used to tweak the ...

New Zillow Zestimate Accuracy - Forbes

The good news for home buyers is Zillow says the median error on its new Zestimates of For-Sale/On-Market/Active-Listings is only 1.9%. That ...

What is a Zestimate—and are they any good? - Allen Tate Blog

Mistakes or omissions in property tax records, recent additions and upgrades, housing turnover, and even changes to Zillow's algorithm can ...

Zillow vs. Reality: How accurate are Tri-Cities Zestimates®?

When Zillow launched in 2006, the company says it had a median error rate of 13.6 percent — meaning half of all Zestimates® were within 13.6 percent of a home's ...

Why Zillow Zestimates Are Wrong in Birmingham

Inaccurate Basic Information · Mistakes or Omissions in Sales Prices or Property Tax Records · Upgrades and Unique Features Unaccounted For · Housing Turnover Rate ...

How Accurate are Zillow Zestimates? - Columbus Real Estate Blog

Quite simply, Zillow incorrectly assumes that your neighbor's home, and any home in close proximity is truly a comparable property. The ...