Question: When is an estimate just a wild guess?


If you rely on Zillow’s Zestimates®, a property’s market value is wrong way too often.

A friend clued me into the truth recently, telling me that Zillow itself — commendably, I have to say — reveals its calculations of Zestimates’ accuracy on the company’s Web site.

Although I have hardly been a lone critic of Zestimates, I was stunned by what I learned on the site. Continue reading