If you’ve got $3.5 billion lying around, you could buy just about any house you wanted. Or if you’re online real estate site Zillow, you just use that money to buy your competition. [More]
If you’ve looked at real estate in the last few years, you’ve almost certainly reviewed the listings on Zillow.com and you’re probably quite familiar with the “Zestimate,” the site’s automated approximation of what the property is worth. Some realtors say Zestimates are useless and cause confusion for their customers, while Zillow defends the data. Interestingly, both sides use the same stats to argue their case. [More]
As a way of tracking possible spam and simply keeping one’s inbox organized, a small but growing number of people are adding “+” terms onto their e-mail addresses when they register with websites. But one Consumerist reader says that when he tried to use this technique to keep track of e-mails related to his Zillow.com account, that account was suspended for violating the company’s trademark. [More]
Zillow has a new tool for those of you who wish you could do your mortgage shopping while wearing a ski mask and speaking through one of those things that makes you sound like Darth Vader — the Zillow Mortgage Marketplace.
Arizona regulators slapped the popular home-valuation site Zillow with a cease and desist order on doing business in the state, saying the service was providing appraisals without a license.
A recent WSJ survey found that online property valuation site Zillow is accurate within 7.8% of the actual sales price.
The Journal looked at transaction prices recorded for 1,000 recent home sales in seven states, using data from First American Real Estate Solutions, a data provider in Santa Ana, Calif., and compared those prices with Zillow estimates, which didn’t yet reflect the sales. The median difference between the Zillow estimate and the actual price was 7.8%
Sellers can now post homes for sale on Zillow, a feature the free online home valuation service added today.
Zillow, the popular real-estate site that gives home valuations in specific areas with a google maps mashup, has a new competitor.
We’re a little behind the curve on Zillow.com, which aims to do for real-estate shopping and home buying what Expedia did for booking flights. Using an aggregate of data including tax records, sales histories, and other home prices in the region, the site generates legally ambiguous ‘Zestimates’ from just an address—think Google Maps with price tags.