Over the last few week or so, Zillow has been getting hammered in the media with regard to their “Zestimates”. Joel Burslem and Greg Swann have been covering the story, but I figured I would post some of the links to the major news sources that are writing about Zillow.
New York Times – A Home Valuation Web Site Is Accused of Discrimination
San Jose Business Journal – Zillow.com accused of helping predatory lenders
Seattle PI – Zillow.com accused of discrimination in home valuations
Contra Coast Times – FTC complaint filed against Zillow
Red Herring – Zillow Faces Minority Complaint
Related News:
Zillow competitor launches – eppraisal.com
8/10/2007 at 7:51 pm
Zillow “Guess-Idiots” appear to rely on public tax records that in some cases haven’t been updated in twenty-five years. The zestimator is a sketchy tool to rely on. I believe it’s best to use a Professional Realtor when appraising property.