How to create a solid CMA for today’s buyers

The comparative market analysis (CMA) is one of the quintessential tools in an agent’s advertising tool box — it’s practically the entire reason homeowners even let us walk through their front doors. Here are four steps for creating a CMA for the modern buyer.

This team of engineers beat the Zillow Zestimate by 13%

Team ChaNJestimate was announced Wednesday as the winner of the $1 million Zillow Zestimate challenge, with an algorithm that beat the company’s own baseline by 13 percent. With the algorithm, Zillow expects its Zestimate error rate to fall from 4.5 percent to below 4 percent.

10 trends agents need to know in a shifting market

As a real estate agent in a turning market, what do you need to know to put your success first? Joe Rand and Katie Kossev go through their top 10 onstage at Inman Connect New York.

Zillow will announce winner of $1M Zestimate contest later this month

On January 30, Zillow plans to reveal the winner of “Zillow Prize” and award $1 million to the team that made the biggest improvements to the accuracy of the Zestimate. Zillow is also awarding $100,000 to the runner-up and $50,000 to the third-place contestant.

Redfin Estimate comes under fire for sudden price hikes

Does Redfin Estimate artificially inflate the value of certain homes, or is it just incredibly accurate and sensitive to changing market conditions? The founder of a low-fee brokerage attempted to get to the bottom of the valuation tool and found some …

Redfin unveils new estimate tool for off-market homes

Redfin is giving homeowners a chance to estimate their property’s value before it hits the market — while potentially buttressing its own iBuyer platform.

Reali releases AI tool to predict the winning bid on a home

Reali, the California-based, flat-fee tech-powered brokerage, is giving its clients a leg up on other homebuyers with a new predictive tool that estimates the probability of placing a winning bid on a home.

Redfin CEO Glenn Kelman: There’s too much money in real estate

Glenn Kelman, Redfin’s CEO and president took the helm of the real estate brokerage 13 years ago, this month. He talks to Inman about the ups and downs.

What’s the deal with Zillow changing its Zestimates?

Although Zillow has previously said Zestimates never factor in list prices so they can remain independent estimates of value, there are, in fact, cases where information Zillow gains from the list price is used to tweak the Zestimate, according to the …

Nextdoor takes on Zillow’s Zestimate with home valuations

Nextdoor is adding home valuations and forecasts through a partnership with HouseCanary — a move to compete with Zillow’s Zestimate.