{"id":1851,"date":"2015-03-05T11:31:34","date_gmt":"2015-03-05T15:31:34","guid":{"rendered":"http:\/\/thevillagesattworivers.com\/?p=493"},"modified":"2017-08-18T13:21:01","modified_gmt":"2017-08-18T17:21:01","slug":"zillow-home-estimates","status":"publish","type":"post","link":"https:\/\/www.livetworivers.com\/zillow-home-estimates\/","title":{"rendered":"Zillow Offers Estimates Of Your Home Value But The Error Rate Can Be High"},"content":{"rendered":"
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Are Zestimates accurate? And if they’re off the mark, how far off? Zillow chief executive Spencer Rascoff answered that they’re “a\u00a0good starting point” but that nationwide Zestimates have a “median error rate” of about 8 percent.<\/p>\n
When \u201cCBS This Morning\u201d co-host Norah O\u2019Donnell asked the chief executive of Zillow last week about the accuracy of the automated property value estimates \u2014 known as Zestimates \u2014 that can be found on his company\u2019s Web site, she touched on one of the most sensitive perception gaps in American real estate.<\/p>\n