Zillow vs. cyberhomes. WTH happened to Zillow?

[beanmaestro]

Well, for shits and giggles, the duplex we’re currently renting has a Zestimate of 1.47M, despite having a total rent of $4100/mo, and being in worse shape than duplexes that have rotted on the market around $1.1M. When they’re off by 50%, you just have to laugh.

[PadreBrian]

op, zillow is much better now than they were in the bubble days. Sorry, but you house ain’t worth more now than a few months ago. Sorry to break the news to ya.

[PadreBrian]

op, zillow is much better now than they were in the bubble days. Sorry, but you house ain’t worth more now than a few months ago. Sorry to break the news to ya.

[PadreBrian]

op, zillow is much better now than they were in the bubble days. Sorry, but you house ain’t worth more now than a few months ago. Sorry to break the news to ya.

[PadreBrian]

op, zillow is much better now than they were in the bubble days. Sorry, but you house ain’t worth more now than a few months ago. Sorry to break the news to ya.

[PadreBrian]

op, zillow is much better now than they were in the bubble days. Sorry, but you house ain’t worth more now than a few months ago. Sorry to break the news to ya.

[raptorduck]

Ok, I had never looked at cyberhomes before, but often use Zillow (though not for values). Interesting that they disagree by $175,000 on the value of my current home. What precision!

I will note that you can not compare Zillow values before they made a change to the algorithim to those after. The change did not shift the values, just the “rules” for calculating them. It is like seeing a college on US News’s annual graduate school rankings slip 20 places after they change their methodology and concluding that something happened this past year at that school that made it 20 places worst than the prior year.

[raptorduck]

Ok, I had never looked at cyberhomes before, but often use Zillow (though not for values). Interesting that they disagree by $175,000 on the value of my current home. What precision!

I will note that you can not compare Zillow values before they made a change to the algorithim to those after. The change did not shift the values, just the “rules” for calculating them. It is like seeing a college on US News’s annual graduate school rankings slip 20 places after they change their methodology and concluding that something happened this past year at that school that made it 20 places worst than the prior year.

[raptorduck]

Ok, I had never looked at cyberhomes before, but often use Zillow (though not for values). Interesting that they disagree by $175,000 on the value of my current home. What precision!

I will note that you can not compare Zillow values before they made a change to the algorithim to those after. The change did not shift the values, just the “rules” for calculating them. It is like seeing a college on US News’s annual graduate school rankings slip 20 places after they change their methodology and concluding that something happened this past year at that school that made it 20 places worst than the prior year.

[raptorduck]

Ok, I had never looked at cyberhomes before, but often use Zillow (though not for values). Interesting that they disagree by $175,000 on the value of my current home. What precision!

I will note that you can not compare Zillow values before they made a change to the algorithim to those after. The change did not shift the values, just the “rules” for calculating them. It is like seeing a college on US News’s annual graduate school rankings slip 20 places after they change their methodology and concluding that something happened this past year at that school that made it 20 places worst than the prior year.

[raptorduck]

Ok, I had never looked at cyberhomes before, but often use Zillow (though not for values). Interesting that they disagree by $175,000 on the value of my current home. What precision!

I will note that you can not compare Zillow values before they made a change to the algorithim to those after. The change did not shift the values, just the “rules” for calculating them. It is like seeing a college on US News’s annual graduate school rankings slip 20 places after they change their methodology and concluding that something happened this past year at that school that made it 20 places worst than the prior year.

[Anonymous]

Zillow is flawed. Presenting comparable properties that are not comparable, estimating values based on non comparable properties and allowing people to think they are the source of pricing is absurd. Pathetic communication. No response to inquiries, no response to posts on their site, no ability to call…awful! Founders should go back to travel web sites and stay out of real estate. I am going to forward my attempted communications with them to the attorney general in Massachusetts.

[Anonymous]

Zillow is flawed. Presenting comparable properties that are not comparable, estimating values based on non comparable properties and allowing people to think they are the source of pricing is absurd. Pathetic communication. No response to inquiries, no response to posts on their site, no ability to call…awful! Founders should go back to travel web sites and stay out of real estate. I am going to forward my attempted communications with them to the attorney general in Massachusetts.

[Anonymous]

Zillow is flawed. Presenting comparable properties that are not comparable, estimating values based on non comparable properties and allowing people to think they are the source of pricing is absurd. Pathetic communication. No response to inquiries, no response to posts on their site, no ability to call…awful! Founders should go back to travel web sites and stay out of real estate. I am going to forward my attempted communications with them to the attorney general in Massachusetts.

[Anonymous]

Zillow is flawed. Presenting comparable properties that are not comparable, estimating values based on non comparable properties and allowing people to think they are the source of pricing is absurd. Pathetic communication. No response to inquiries, no response to posts on their site, no ability to call…awful! Founders should go back to travel web sites and stay out of real estate. I am going to forward my attempted communications with them to the attorney general in Massachusetts.

[Author]

Posts