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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…