this post was submitted on 23 Aug 2024
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Housing Bubble 2: Return of the Ugly

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[–] [email protected] 4 points 7 months ago (1 children)

Is this an average or a single property?

[–] [email protected] 4 points 7 months ago (1 children)
[–] [email protected] 3 points 7 months ago

Yes, but the zestimate is derived from large data sets, so a bit of both.

Zillow did famously almost bankrupt themselves so there are definitely reasons to be skeptical about assigning significance to the zestimate.