3 ms·
> maybe Zillow is just no good at predicting housing prices. You can spot check the historical “Zestimate” for a few homes over a few years and notice the dras
by travoc 5y ago
> maybe Zillow is just no good at predicting housing prices.
You can spot check the historical “Zestimate” for a few homes over a few years and notice the drastic spikes and troughs where the inaccurate Zillow price was instantly corrected after a real market event. Overall their modeling is wrong, but still useful.
- A-Aron 5y agoZestimate is configured strangely. They build it on stale data like 85% of the time. I noticed that when a house is listed, they adjust the Zestimate to be equal to the list price, then revise it again after the sale is posted. It's a revisionist history, and so the question would be what would you validate it against? It's riddled with bias.