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A comment on Zillow faces lawsuit over ‘Zestimate’ tool that calculates a house’s worth. Parent comment

Re:Zillow faces lawsuit over ‘Zestimate’ tool that calculate... by tyingq on Wednesday May 10, 2017 @04:38PM (#14311473)
>If it's not correct, then the sale price will reflect that and Zillow's reputation will take a hit.

Perhaps with that buyer and seller. I believe, though, that Zillow rewrites historical estimates when they get new data. So you can't really see how wrong they were after a sale.

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Re:Zillow faces lawsuit over ‘Zestimate’ tool that calculate... by BeetleB on Wednesday May 10, 2017 @04:55PM (#14311636)
They do have an Excel sheet that indicates their accuracy for each county. Eye opening.
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Re:Zillow faces lawsuit over ‘Zestimate’ tool that calculate... by tyingq on Wednesday May 10, 2017 @04:59PM (#14311666)
Current accuracy, or full historical accuracy? I am surprised they open that kimono voluntarily.
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