Utterly Meaningless » Blog Archive » ZILLOW IS ON DRUGS

    Filed at 6:37 am under by dcobranchi

    The home-pricing website thinks values in my zip code (28306, in case anyone is interested) have gone up in value some 30% since last September. Apparently the recession hasn’t hit here.

    One Response to “ZILLOW IS ON DRUGS”

    Comment by
    February 1st, 2009
    at 9:37 am

    I think it’s the lack of data. There algorithm probably was designed for the boom times with losts of data to work with, and it has no idea how to properly value property when 1 house sells in the neighborhood over the course of a year…