War on Zillow Intensifies
The Zillow story can’t stay down. This time it’s the Grey Lady herself, the New York Times weighing in, saying that the complaint is racially motivated.
Zillow.com, the Web site that provides free home valuations, has been accused by a coalition of community activist groups of undervaluing the homes in black and Latino neighborhoods.
This story is just getting weirder and weirder.
One of my favorite blogs, the snarky Valleywag chimes in with this observation.
Zillow’s best defense is, “Our system is inaccurate all over,” only slightly mitigated by their other defense, “These numbers aren’t serious estimates.”
When you put it that way, that’s not much of defense.
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1 Comment(s)
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- From Seattle’s Rain City Real Estate Guide | Nov 5, 2006
- From Ubertor Real Estate Blog » The War on Zillow | Nov 1, 2006
- From Zillow Dogged by Racial Complaint « Screenwerk | Nov 1, 2006
- From Howling FOR Zillow… at The Phoenix Real Estate Guy | Nov 3, 2006
Ron Asteak | Aug 10, 2007 | Reply
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.