Volatile Real Estate Market Driving Web Traffic

Thursday, April 24, 2008 | 03:30 AM

Marketwatch video: Zillow upgrades their algo, claiming a 12% improvement. They also are allowing homeowners to improve and upgrade data about their houses:

Thursday, April 24, 2008 | 03:30 AM | Permalink | Comments (6) | TrackBack (0)
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Zillow can do all the upgrades they want, but their hokey website with its horribly unrealistic prices (at least from my experience) has no credibility. There is no correlation between what it claims are market values (Zestimates) and comparable sales listed by the county. Just another schill in the game that will fold if housing follows a Roubini-esque recovery. Hopefully these ridiculous house flipping shows that are ubiquitous on cable will go with it!

Posted by: AJF | Apr 24, 2008 6:42:22 AM

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