Zestimate or Guesstimate

In this article from the LA times, Zillow.com CEO states that the popular Zestimate has a “median error rate” of about 8%. Based on median home prices in Portland, OR that equates to as much as $22,840. While online searches are a fun place to start, there’s still no substitute for good old fashion hard work, and having an actual person prepare a valuation for you.

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