How Good AreZillow's Home Price Estimates?

How Good Are Zillow's Home Price Estimates?...many of Zillow's estimates are fairly accurate according to this article.

In the year since its launch, Zillow Inc. has made millions of Americans familiar with computer-generated estimates of home values, created a new online addiction and become a staple of dinner-party chatter.But just how accurate is it? A Wall Street Journal analysis of 1,000 recent home sales shows that Zillow's "Zestimates" often are very good, frequently within a few percentage points of the actual price paid. But when Zillow is bad, it can be terrible -- off the mark by more than 25% on one in 10 homes. In one case it was off by $2 million.Zillow, based in Seattle, operates a Web site that offers free estimates and other online tools for real-estate buyers and sellers. It draws revenue from online advertising.

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RealEstateJournal | How Good Are Zillow's Home-Price Estimates?

technorati tags:realestate, mortgage, insurance, homeowners, insurance, kentucky

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How Good AreZillow's Home Price Estimates?

How Good Are Zillow's Home Price Estimates?...many of Zillow's estimates are fairly accurate according to this article.

In the year since its launch, Zillow Inc. has made millions of Americans familiar with computer-generated estimates of home values, created a new online addiction and become a staple of dinner-party chatter.But just how accurate is it? A Wall Street Journal analysis of 1,000 recent home sales shows that Zillow's "Zestimates" often are very good, frequently within a few percentage points of the actual price paid. But when Zillow is bad, it can be terrible -- off the mark by more than 25% on one in 10 homes. In one case it was off by $2 million.Zillow, based in Seattle, operates a Web site that offers free estimates and other online tools for real-estate buyers and sellers. It draws revenue from online advertising.

Free Homeowners Insurance Quote

RealEstateJournal | How Good Are Zillow's Home-Price Estimates?

technorati tags:realestate, mortgage, insurance, homeowners, insurance, kentucky

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Housing Starts Sink 14.3%

"Home construction fell to its lowest point in nearly 10 years during January in an unexpectedly large decrease that erased hopeful gains posted in two prior months.A separate report showed wholesale prices fell last month, after two strong months of gains, suggesting that underlying inflationary pressures remain broadly contained and are in line with the Federal Reserve's expectations. Core prices, however, which exclude volatile food and energy costs, rose slightly, suggesting there is potential for inflation. A third report showed a drop in consumer sentiment in a mid-February reading....."

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RealEstateJournal | Housing Starts Sink 14.3% To Lowest Point in 10 Years

technorati tags:homeowners, insurance, kentucky

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Housing Starts Sink 14.3%

"Home construction fell to its lowest point in nearly 10 years during January in an unexpectedly large decrease that erased hopeful gains posted in two prior months.A separate report showed wholesale prices fell last month, after two strong months of gains, suggesting that underlying inflationary pressures remain broadly contained and are in line with the Federal Reserve's expectations. Core prices, however, which exclude volatile food and energy costs, rose slightly, suggesting there is potential for inflation. A third report showed a drop in consumer sentiment in a mid-February reading....."

Free Homeowners Insurance Quote

RealEstateJournal | Housing Starts Sink 14.3% To Lowest Point in 10 Years

technorati tags:homeowners, insurance, kentucky

Blogged with Flock