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Not that their estimates were ever right to begin with (I lost a lot of money trusting zillow a few years ago), but now zillow is showing house prices are going UP when they are normalizing down. Is this a case of a last ditch effort of market manipulation before the floor bottoms out?

Not that their estimates were ever right to begin with (I lost a lot of money trusting zillow a few years ago), but now zillow is showing house prices are going UP when they are normalizing down. Is this a case of a last ditch effort of market manipulation before the floor bottoms out?

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[–] • 6 pts

They got a lot of complaints from real estate agents when the z-estimate was way below the asking price. Therefore, they always default to the asking price as the z-estimate. If you register as the listing agent, you can disable seeing the other models for house prices and the previous sale prices. Zillow is basically worthless now.

[–] [deleted] • 1 pt

i noticed that, the z estimate went up almost as soon as the listing price went up. But the only thing that had changed was that we had set a listing price. Within a few days zillow (((changed))) the value of the zestimate within a 1% variance of the listing price ....