3 winning teams improve Zestimate accuracy in Zillow competition

Competitors in a Zillow competition improved the accuracy of the company’s Zestimate, or home value estimator, by 4.4 percent — and will move on to develop a sale price algorithm in the competition’s million-dollar second round …

New iBuyer platform Offerai inspired by Zillow Instant Offers

Offerai is a recently launched ibuyer platform that uses a Facebook Messenger bot to gather home information. …

15 crazy real estate myths your clients probably believe

The real estate process makes everyone an armchair expert by default. The buyer, the seller, their friends, co-workers and neighbors all know how real estate works.  …

7 reasons instant home purchase offers aren’t good for sellers

Sue stood in her parents’ San Diego garage, overwhelmed by the years of stuff they’d accumulated and the volume of repairs needed. Add to that the fact that she lived out of state. This sale wasn’t going to be easy …

Truepad home search portal promotes agent market expertise

Chicago-based Truepad is a home search portal that uses agent-supplied data to rank the best listings in a market …

What Redfin’s IPO means for real estate

I have been waiting, wanting, hoping for Redfin to go public for a few years now. For a bunch of reasons, mostly having to do with getting another company in real estate to have to report publicly about its operations and its numbers …

What Redfin’s IPO means for real estate

I have been waiting, wanting, hoping for Redfin to go public for a few years now. For a bunch of reasons, mostly having to do with getting another company in real estate to have to report publicly about its operations and its numbers …

Zestimates protected as free speech, Zillow argues in legal challenge

Stock forecasts, search engine rankings, editorial reviews, Zestimates. What do they have in common? They’re all constitutionally protected by as free speech, Zillow said in a memorandum responding to a class-action lawsuit in Illinois challenging its …

Zestimate legal challenge seeks class-action status

A family of homebuilders is suing Zillow Group over the Zestimate. The suit, which is seeking class-action status, alleges that Zestimates are illegal appraisals and violate consumer protection laws …

Zillow Prize will award $1M to the person or team who most improves Zestimate

In 2009, Netflix gave $1 million to BellKor’s Pragmatic Chaos technology team for building a better movie rating prediction algorithm (to the tune of 10.06 percent) than the one Netflix had been using. It appears that 2017 is the year Zillow follows in…