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+1 I have always been annoyed by Redfin's rewrite of history. At least have the decency to show two lines (original prediction for last year and how it turned o
by harikb 5y ago
+1 I have always been annoyed by Redfin's rewrite of history. At least have the decency to show two lines (original prediction for last year and how it turned out to be).
- ct0 5y agoThis happens all the time with most data providers.
- el_benhameen 5y agoAt least in my area, they've completely given up on providing a "historical" estimate of the house in question and just have a trend graph for the general area. I assume this data is also heavily massaged, too, though.
- creaghpatr 5y agoSame, I find this to be a bizarre practice. What's the point if the snapshots are revised?
- notahacker 5y agoI assume the rationale is that it's are supposed to be an indicator of the actual value of the property at a point in time, not the accuracy of their algorithm at that point in time. So if they update with new information, it's assumed that instead of the price suddenly jumping (which looks very odd if you're trying to understand a local property market), the original snapshots are assumed to have been wrong
- projektfu 5y agoI am guessing they don't save the price history as snapshots. They have the current estimate, and then they walk it back in time from the market averages.