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02/28/10
Your guess could be as good as Zestimate
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 5:04 pm

If you’re wondering about the accuracy of online home-valuation site Zillow .com’s estimates, a study published by the Appraisal Institute says your guess is as good as Zillow’s.

The Washington, D.C.-based institute’s quarterly publication, The Appraisal Journal, includes results of a study by University of Texas-San Antonio business professors Daniel Hollas, Ronald Rutherford and Thomas Thomson that compared actual sale prices with both homeowners’ estimates and Zillow’s valuations, called “Zestimates.”  more…



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