(CORPORATE NEWS) Zillow being sued for Zestimates is nothing new, but they're now being accused of concealing
Zestimates on «Co-Conspirator Broker» listings, violating federal Antitrust laws.
Zillow's estimate of a residential property's «fair market value» which the lawsuit states they know «to be inaccurate,» have allowed «only select brokers to conceal the display of
Zestimates on their listings to the exclusion of the general public.»
In essence, Zillow and the Co-conspirator Brokers have allegedly made an illegal agreement regarding the display of
Zestimates on Zillow's site.
If you were to put it on the market with such a bad
Zestimate on Zillow, you might want to include a list of recent comparable sales in all marketing material.
If you fill out
a Zestimate on their website, they'll sell those leads.
Not exact matches
Rascoff: We filed probably a couple of dozen patents, including different things around the
Zestimate, but to be candid, we've never really over invested in patent protection because it's the type of thing in technology that it's very hard to rest
on.
So most of this information — bed, bath, square footage, tax assessment, sale history — is available in county courthouses, but we had to go acquire it, digitize it, and then build the data layer, the
Zestimate, that sits
on top of that.
By analyzing information
on thousands of single family homes for sale in 21298, Maryland and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
The Zillow Home Value Index is the median
Zestimate valuation for a given geographic area
on a given day.
The Zillow Rent Index is the median Rent
Zestimate valuation for a given geographic area
on a given day.
By analyzing information
on thousands of single family homes for sale in Baltimore, Maryland and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Baltimore proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Silver Lake, California and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
By analyzing information
on thousands of single family homes for sale in East Los Angeles, California and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for East Los Angeles proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Los Angeles, California and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Los Angeles proper, its neighborhoods and surrounding areas.
And we aren't just focused
on new capabilities and products — we continue to finetune
on decade - old features, including Zillow's flagship
Zestimate algorithm.
It starts with Zillow's living database of more than 110 million U.S. homes — including homes for sale, homes for rent and homes not currently
on the market, as well as
Zestimate home values, Rent
Zestimates and other home - related information.
Redfin got access to those listings by becoming a broker itself, but Zillow, at least at the beginning, relied
on brokers uploading listings themselves — which they were willing to do, thanks to the userbase Zillow had already built up thanks in part to its
Zestimate house valuation tool.
By analyzing information
on thousands of single family homes for sale in Chicago, Illinois and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Chicago proper, its neighborhoods and surrounding areas.
We feel it is, because with the
Zestimate, we have an estimate of the current value of every home in the area and, thus, can estimate what the median sale price of the whole area would be if every home were sold
on the same day: It would approximately equal the median
Zestimate, or Zillow Home Value Index for that area.
This is based
on the company's «
Zestimate,» an estimate of current market value.
The «
Zestimate» is the website's estimated market value of a piece of property, based
on a unique formula.
This is based
on the company's «
Zestimate» method of measuring house values, as of January 2016.
(This is based
on their proprietary «
Zestimate» method for measuring house values.)
This is based
on their proprietary «
Zestimate» method for measuring property values.
This is based
on their proprietary «
Zestimate» method for tracking house values over time.
By analyzing information
on thousands of single family homes for sale in Nashville, Tennessee and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Nashville proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Raleigh, North Carolina and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Raleigh proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Tulsa, Oklahoma and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Tulsa proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Indianapolis, Indiana and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Indianapolis proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Atlanta, Georgia and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Atlanta proper, its neighborhoods and surrounding areas.
Zillow's real estate predictions for 2015 are based
on their own proprietary pricing models (
Zestimate ®), actual sales prices, and other housing trends and data.
Depending
on how much data Zillow can pull and how accurate it is, the
Zestimate can likely be improved by you.
It starts with Zillow's living database of more than 110 million U.S. homes - including homes for sale, homes for rent and homes not currently
on the market, as well as
Zestimate home values, Rent
Zestimates and other home - related information.
A federal judge in Chicago
on Wednesday tossed a lawsuit claiming Zillow is violating the Illinois appraisal law with its online «
Zestimates» of market value.
For example, Zillow posts home values
on their site and call these valuations «
Zestimates».
We know
Zestimates aren't exactly accurate, but new real estate investors rely
on those numbers all too often.
By analyzing information
on thousands of single family homes for sale in Dexter, Michigan and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Dexter proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Suwanee, Georgia and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Suwanee proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Wilton, Alabama and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Wilton proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Sargent, Texas and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
By analyzing information
on thousands of single family homes for sale in Briar Hill, Maryland and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
By analyzing information
on thousands of single family homes for sale in Maricopa, Arizona and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Maricopa proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Austin, Texas and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Austin proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Moore, Oklahoma and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Moore proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Hillandale, Maryland and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Hillandale proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Lake Mary Road, Arizona and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
By analyzing information
on thousands of single family homes for sale in Maxwell Park, California and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
By analyzing information
on thousands of single family homes for sale in Ashburton, Maryland and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index.
By analyzing information
on thousands of single family homes for sale in Fort Worth, Texas and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Fort Worth proper, its neighborhoods and surrounding areas.
By analyzing information
on thousands of single family homes for sale in Yorktown, New York and across the United States, we calculate home values (
Zestimates) and the Zillow Home Value Price Index for Yorktown proper, its neighborhoods and surrounding areas.