Redfin Estimate comes under fire for sudden price hikes

Has the valuation tool contributed to rising home prices? Joseph Alongi, founder of low-fee brokerage SoldNest, penned a blog questioning its accuracy

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Does Redfin Estimate artificially inflate the value of certain homes, or is it just incredibly accurate and sensitive to changing market conditions? The founder of a low-fee brokerage attempted to get to the bottom of the valuation tool and found some startling results.