Research Briefs: Zestimates

Upgrading the Zestimate

Source: Forte Properties

Yesterday afternoon, we shipped Zestimates produced from an entirely new algorithm to the website.  This marks our third algorithm developed since Zillow’s launch in 2006.  These Zestimates from the new algorithm differ from the previous ones in two important ways.  First, there are a lot more them: a total of 97 million Zestimates to be FULL BRIEF

A Better Price-Rent Ratio

For Rent (2)

Typical price-rent ratios compare vastly different sets of homes, making true apples-to-apples comparisons difficult. Zillow has created a new one that compares rental listings on the site and the Zestimates of the same home. FULL BRIEF