Tag: Zillow

Zillow's Home Price Zestimate Accuracy Still Sucks

Zillow's Home Price Zestimate Accuracy Still Sucks
People pay an awful lot of attention to Zillow’s Zestimates of home prices and, to their credit, Zillow is constantly working to improve their valuation algorithm. In fact I think it was in June of last year that they launched their $1 MM Zillow Prize to be awarded to the team that could most improve... Read more »

14,000 Chicago Pre-Market Foreclosures Now Listed On Zillow

14,000 Chicago Pre-Market Foreclosures Now Listed On Zillow
If you’ve ever tried to get information on foreclosures that are not on the market before you know how difficult it can be. A realtor can get some of the information for you or you can buy a subscription to a special database. But just yesterday Zillow introduced a new feature on their Web site... Read more »

Zillow's Bottom Call On The Housing Market: Don't Get Too Excited Yet

Zillow's Bottom Call On The Housing Market: Don't Get Too Excited Yet
Today Zillow released their Home Value Forecast, which they claim shows a bottom in the US housing market during the first quarter. In addition, Zillow reported that for the first time in 5 years the country showed an increase in year over year housing prices and they are projecting a 1.1% increase in home prices... Read more »
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Zestimates: Just How Bad Are Zillow's Home Price Estimates?

Zestimates: Just How Bad Are Zillow's Home Price Estimates?
I’ve been meaning to analyze Zillow’s home price estimate accuracy for a while – especially since my brother keeps talking about those damn Zestimates. He’s not the only one, though. A lot of people put way too much stock in what Zillow has to say about their home values. So I decided to look at... Read more »

Does Zillow Determine Your Net Worth?

A short while ago Zillow revised the algorithms that power the home value estimates (cleverly called “Zestimates”) on their Web site. According to a recent Wall Street Journal story “the overall margin of error for Zestimates dropped from 12% to 8.5%, not far off the typical 5% margin of error that most home appraisers claim.”... Read more »

Will Inflation Bail Out Underwater Homeowners?

  Zillow just came out with their third quarter estimate of home values and according to their “Zestimates” about 1/3 of Chicago single family homes are underwater on their mortgages. A few caveats about this data. As I mention, it’s only for single family homes, which are a smaller part of the total housing market... Read more »
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