http://www.latimes.com/business/realestate/la-fi-harney-20150208-story.html
I tend to love Zillow. A lot of agents in town dislike it however it is a great place to glean information on real estate. It may not always be accurate though and can confuse clients. So it is important to take all the information on Zillow with a grain of salt. This article focuses on the Zestimates which tend to cause the most problems between Realtors and their clients. That is why it is imperative to have a Realtor that can explain Zillow to clients.
Are Zestimates accurate? And if they're off the mark, how far off? Zillow CEO Spencer Rascoff answered that they're "a good starting point" but that nationwide Zestimates have a "median error rate" of about 8%.
Manhattan — the median valuation error rate is 19.9%. In Brooklyn, it's 12.9%. In Somerset County, Md., the rate is an astounding 42%.
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