I was reading a post today from the recently departed Trulia employee, and industry veteran, Todd Carpenter, called Data Accuracy is a Community Effort. I went into this article, and through a couple additional readings, thinking that Trulia and Zillow were to blame for all the inaccurate data displayed on their sites. I've come away with a different understanding now. The pre-foreclosure property information Zillow offers I think is still a big mistake and a source of consumer misinformation. For that, I … [Read more...]
Zillow’s Stats Are Full Of Shit
For years I have been frustrated with Zillow's Zestimates. I have countless cases where the sales prices of homes were wildly different than the Zestimates. They cause confusion and frustration every time I hear them brought up. Today was a breaking point. Even today, many years after they first started playing pin the price on the donkey, in my market they are STILL only within 10% of the sales price 53% of the time and 22% of the time, or over one in every five homes, they are off by more than 20%! … [Read more...]