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More on Zillow

Last February I wrote about the issues with Zillow's market analysis tool. Realtor® Magazine Online reported on October 30 that the National Community Reinvestment Coalition, a Washington, D.C.-based nonprofit that promotes equal access to credit and capital for underserved communities, has filed a complaint about Zillow with the Federal Trade Commission.

...NCRC insists that Zillow's home-valuation tool is inaccurate and misleading. An audit by NCRC reveals that Zillow's so-called "Zestimates" are wrong over 67 percent of the time, and many home owners have expressed concerns about valuations that are too high or too low.

posted this at 10:27 AM
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