Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to CEO Rich Barton's statements on the difficulties of forecasting home prices and the company's Zestimate tool
Zillow estimates the machine-learning-powered update will reduce the median error rate to 6.9% and increase homeowners' Zestimate live offers by 30%
Agents from around the country talk about the widening gap between Zestimates and MLS home value data as inventory shortages push prices to new highs
The U.S. Court of Appeals affirmed a May decision to dismiss a lawsuit over the home valuation tool
Lawsuit alleges that Zillow 'concealing' home valuations for certain brokers hurts competition. Does it hold water?
Opinion
The nuance in advising clients and negotiating on their behalf cannot be recreated by technology
If you set boundaries from the get-go, the process will go much smoother
Smart brokers will adapt to challenges posed by Zillow, Trulia, realtor.com
While some already exist, others are just waiting to be funded
More than 80 percent of users are working on or planning a home improvement project
My Mortgage allows borrowers to track loan from application to pay off
Test launch includes more than 1 million off-market homes
Site's margin of error shrinks to 8.5% nationwide
Suite of apps now covers 90% of smartphone users, company says