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Your house might be worth more than you think: questioning Zillow estimates and their

This is a discussion on Your house might be worth more than you think: questioning Zillow estimates and their within the Analytic News Feeds forums, part of the Analytics category; When you are looking to refinance your mortgage, your banker will first look at a Zillow estimates too check the value of your home. These estimates are based on statistical ...


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Old 6th February 2012, 03:46 PM   #1
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Default Your house might be worth more than you think: questioning Zillow estimates and their

When you are looking to refinance your mortgage, your banker will first look at a Zillow estimates too check the value of your home. These estimates are based on statistical models that were trained on data available when sales volume were high and patterns were either "strong growth" or "strong decline".





Today, as sales volumes are*abysmal, these models must compare your home to a home 5 miles away sold more or less recently, in order to have an estimate, if…



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