HELP   |   REGISTER   |   LOGIN
RSS
The Individual Investor Intelligence Network
HOME  |  GLOBAL MACRO  |  MEDIA  |  TECHNOLOGY  |  BIOTECH  |  COMMODITIES  |  EDUCATION  |  IU25 INDEX  |  ABOUT US
Comments
View Comments: Newest First | Oldest First | Threaded View
TechStockProspector
User Rank
Platinum
Re: Accuracy
TechStockProspector   8/22/2012 10:34:27 AM
NO RATINGS
I assume many of Zillow's database edits/updates occur as homes are put on the market, so that would be the most up-to-date info.

mInvestor
User Rank
Iron
Re: Accuracy
mInvestor   8/21/2012 10:34:21 PM
NO RATINGS
@Robert,

One third (30%?) of Zillow's database has been edited by users. And note TelecomFreq mentioned that 70% of listing are up to date. Put two together, I got even more condused: Which part is more accurate? The one edited (or updated) by users or the one from orginal data. How was the initial data created?

 

tokyogai
User Rank
Platinum
Re: Accuracy
tokyogai   8/20/2012 9:21:57 AM
NO RATINGS
I agree. Zillow's numbers are not the same value as a real appraisal, but they give the average consumer a starting point. You can also find information that was not readily available to the average consumer, such as tax situation, last buying price, listing time, etc. I think Zillow is worth more in this challenging market.

Street Smart
User Rank
Platinum
RentJuice
Street Smart   8/15/2012 4:49:46 PM
NO RATINGS
I think RentJuice will really diversify and reboot Zillow.  Not only is the rental market assuming even greater importance as the economy picks up the pieces from 2008 but rentals have an urban focus which Zillow conspicuously lacked before.

driven
User Rank
Iron
Re: Accuracy
driven   8/14/2012 1:33:45 PM
NO RATINGS
I agree. Homeowners have a tendency to overestimate value and then those higher values impact the zestimates of surrounding homes. Zillow is interesting, but more for trends than specific property data.

PredictableChaos
User Rank
Platinum
Re: Accuracy
PredictableChaos   8/13/2012 1:19:53 PM
NO RATINGS
@Noreen,

In my experience, the data isn't that accurate yet.  Still, I agree with TelecomFreq that Zillow is a great starting point.

Maybe it's like voice quality on a mobile phone.  We can all complain about it, but it's not the most important feature of the product.

PC

TelecomFreq
User Rank
Platinum
Re: Accuracy
TelecomFreq   8/13/2012 11:16:59 AM
NO RATINGS
I used Zillow a good deal when I was looking for a home as part of my relocation from the north east to the mid west. I found the site to be a great starting point, the information was about 70% up to day from what I saw. But they have built a great database and that is the biggest thing for a site of that nature.

TechStockProspector
User Rank
Platinum
Re: Accuracy
TechStockProspector   8/13/2012 11:09:21 AM
NO RATINGS
@Noreen: Zillow says roughly a third of its database (about 33 million homes) has been edited by either real estate pros or property owners to provide updated information. This should only improve as more real estate agents and consumers use the service.

Noreen Seebacher
User Rank
Blogger
Accuracy
Noreen Seebacher   8/13/2012 10:06:11 AM
NO RATINGS
How accurate does everyone rate the information on Zillow?





The blogs and comments posted on Investor Uprising do not reflect the views of Investor Uprising, PRNewswire, or its sponsors. Investor Uprising, PRNewswire, and its sponsors do not assume responsibility for any comments, claims, or opinions made by authors and bloggers. They are no substitute for your own research and should not be relied upon for trading or any other purpose.
Latest Blogs
Telecom-equipment maker Ciena is a stock trader’s dream, as long as the timing is correct.
The FTC is offering a $50,000 cash prize to the person or group that can come up with a solution to those annoying robocalls.
Akamai is in the middle of four significant tech trends.
John Malone of Liberty Media will be taking over Sirius XM satellite radio when the existing CEO Mel Karmazin steps down. What's it mean?
Demand for students of the humanities exists, despite widespread aspersions on the discipline.
IU Education
Resources to help you become a better investor
IU Education
Quick Poll
Investor Uprising on Twitter
Investor Uprising on Twiter
Market Chatter
Like Us on Facebook
Top 10 IU Hot Topics
25 market-moving companies we're tracking
PR Newswire's Terms of Use Apply | Privacy | Contact Us
Copyright © 1996-2013 PR Newswire Association LLC. All Rights Reserved.
A UBM plc company.
PR Newswire