In May of this year I posted on here that I thought Zillow’s Home Value Index was misleading because it was based on Zestimates, which I believe are often significantly inaccurate. Here’s the basic idea (quoted from the May article): In order to get a picture of the current market, I looked at houses that went… Continue Reading
Tag Archives: Zillow
More Misleading Seattle Housing Stats – Zillow Zestimates are Off
In the ongoing quest for housing data that actually provides consumers with accurate information about the current market, here’s an example of why to take Zillow market updates with a grain of salt. I looked into this after reading their May 9, 2011 report about the housing market a few days ago, which stated that… Continue Reading