Zillow, please accept my tepid congratulations

One thing I like about Zillow is its logo. (It’s about the only thing.)

This tops a press release that Zillow issued last week:

Real Estate Information Marketplace Leverages User-Submitted Data to Add More Than 25 Million New Zestimate Home Valuations, Improve Accuracy

Boasting about an increase of its data to 100 million homes nationwide, Zillow declares:

The Zestimate median margin of error is now 8.5 percent nationwide, and below 6 percent in major metropolitan areas such as Denver, San Diego and Washington D.C.

The acknowledged margin of error previously was 12.3 percent.  Continue reading