Industry NewsOpinion

No beef in Zillow complaint

Perspective: Lack of evidence undermines housing coalition's allegations
Published on Nov 21, 2006

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The National Community Reinvestment Coalition believes inaccurate estimates of residential property values on could inflict substantial injuries on real estate brokers and home buyers, according to a complaint the organization filed last month with the U.S. Federal Trade Commission. The coalition may be correct about Zillow's inaccuracies, but the evidence released so far doesn't support vague allegations of actual harm.

Anecdotal reports suggest Zillow's home-value estimates often miss the mark, sometimes by very large amounts ...