Zillow’s controversial “Zestimate” lives to see another day: A federal judge dismissed a three-month-old lawsuit that sought to end the real estate listing site’s practice of estimating a home’s value, claiming it wasn’t just inaccurate, it actually hurt homeowners and homebuilders. [More]
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Zillow’s “Zestimates” Probably Aren’t The Best Way To Figure Out How Much Your House Is Worth
If you’ve been in the market for real estate lately — or even just idly browsing your old neighborhood from curiosity — you’ve almost certainly seen the “Zestimate” splashed across a property’s Zillow listing. But now, multiple lawsuits are claiming those numbers are so far from realistic that they’re actually harmful, and Zillow itself is launching a contest, hoping to crowdsource a better Zestimate. [More]