I did go over there and look at the discussion forums. You’re right — people are bitching like hell because the new algorhythm (sp?) the site has apparently begun using in recent weeks has not only widely changed values (some are way up, some are way down) but because Z apparently changed all the the Zestimate histories. I have to admit I am perplexed about why they did that. My own house value went down $50K practically overnight. I don’t care, because I am not selling…probably never will in my lifetime.
What’s a bit worrisome, though, is that some people are reporting that there are lenders refusing to talk to some people trying, for example, to refi and those lenders are basing that JUST on the Zillow estimate. There are people on there demanding (even threatening to sue) that their Zestimate be removed. They don’t care if the public info about the sales price is up there, but they want the Zestimate GONE. Zillow has responded to these people with a flat-out NO.
