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All the latest events, awards, or other news from your local Realtor® Association! Media inquiries may be directed to PMAR Chief Executive Officer Kathy Querin at 503-459-2161.
Thursday, March 11, 2010
Zillow Estimates Not Always Accurate, New Study Reveals
A study conducted by The Appraisal Institute shows that the popular house valuation website, Zillow.com, overestimated the value for 40% of the properties by more than 10%, and only 0.88% of the property prices were underestimated by 10% or more. The study suggests that homeowners’ estimates of value may be more accurate than Zillow’s estimates. Click
here to read the full study, published in the Winter 2010 Appraisal Journal.