How Zillow came up with the Zestimate, and why it has become such a hit. by Madeline Vuong on February 8, 2016 at 4:07 pm February 9, 2016 at 10:52 am. Share 11 Tweet Share Reddit Email.

Zillow surfers and real estate listing lurkers alike know one of the online marketplace’s standout features is the Zestimate. This amount is displayed just below the main listing price, and ...

In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate ...

Zillow may have paid $1 million to the winners of its Zillow Prize, a competition aimed at improving its long-running Zestimate, but it looks like some of the findings from the winning team are ...

Zillow just updated its Zestimates of house values and using new technology improved the accuracy of its estimates for houses that are listed for sale. Newsletters Games Share a News Tip.

Stan Humphries is chief economist at Seattle-based Zillow and architect of the Zestimate. This commentary is in response to criticism raised in an opinion piece by David Howell, executive vice ...

On 17 sales Zillow overestimated values, including two houses that sold for 61% below the Zestimate. In Carlsbad, Calif., Jeff Dowler, an agent with Solutions Real Estate, did a similar analysis ...

Zillow knows that’s true — and they say as much on their Web site (although you have to dig a bit to find it). They have this to say about their “Zestimates” of value: “The Zestimate is ...

Zillow’s Zestimate Is the Algorithm We Love to Hate. Why Can’t We Quit It? It isn’t just a measure of our home’s value—it’s a marker of our self-worth.

When Zillow CEO Spencer Rascoff sold his Seattle home in 2016, the Zestimate overshot the home’s value by 40 percent compared to the actual sale price, and the home he bought was off by more ...