Is Zillow lying about their historic estimates on anyone else's homes?

Profile picture for hermes.82
Last month Zillow estimated my home at $135,000.  Today they estimate it at $104,700.  I am not arguing with the estimate.  However, when I look at Zillows chart of what they have histocically estimated my homes worth, they say it hasn't been worth $135,000 since June last year.  So they are re-writing thier historical estimates.  I don't know who beneifts from this or how, but it simply seems dishonest and very negatiely affects my opinon of this website. 
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June 17 2011 - Dover
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Answers (1)

Profile picture for Dunes....
From Zillow..

"Historical Zestimates"

With the data delivery yesterday, we have re-computed historical Zestimates back to January 2006. There are a few algorithmic developments that we are still working on and, once these are done, we intend to re-compute all Zestimates back to 1996.
http://www.zillow.com/blog/research/2011/06/14/upgrading-the-zestimate/

Zillow calls it "upgrading"...and you call it?

You may wish to give this a look..Zillow Announces Zestimate Improvements
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June 17 2011
 

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