The error rate of Redfin's AVM improved 5 basis points and expanded to the state of Connecticut as well as Boise, Des Moines, Spokane and Chattanooga
The update relies on AI neural networks that can judge things like finishes and curb appeal
Has the valuation tool contributed to rising home prices? Joseph Alongi, founder of low-fee brokerage SoldNest, penned a blog questioning its accuracy
The Redfin Owner Estimate builds on existing technology — it could also be a windfall for Redfin's iBuyer platform