Monday, February 20, 2006
What's your boss's house worth? Zillow can tell you
This article rightly points out how inaccurate/incomplete the information on this home valuator site, Zillow, is, but this site is still very valuable. It's valuable because it's created a model for how a home valuator should work. The inconsistencies will be worked out and eventually this will be the standard. It's a bit scary for people who hold on to and protect their personal financial information like their life depended on it, but transparency is coming.
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5 comments:
As people realize how inaccurate Zillow really is, we just might be hearing "Zillow zucks" a little more often.
They need to somehow link the comparables data to the map data more accurately. A profile of a townhouse neighborhood in zip code 19382 shows homes at $250K on the map, but at $330K in the comps. That's just too zany to be zeriously conzidered.
Gregory Kohs
Inside Market Research
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