The admitted MEDIAN error rate nationally is 8.3%. Meaning that fully half the estimates have errors greater than 8.3% and half are purportedly less than 8.3%.

Though WHY I or anyone else would trust those error rates numbers any more than the Zestimates themselves is worth asking. My personal belief is that in any given urban area or unique rural area, that the error rate is FAR greater than claimed.

Now, if Zillow were claiming an accuracy rate of only 8.3%, I might be inclined to believe it. Maybe.

Relocation company’s require the TWO appraisers to met within 5%, otherwise they bring in a third.

Also relo’s are hybrid’s as they don’t use the FNMA, FHA value’s, they use future value.

Most of the appraisals are within the 5%, they also allow a 5+ day turn and good fees.

Is George Dell referring to (r2) R squared is a statistical check commonly used in regression analysts. All appraisers should be familiar with these checks, as they are automatic in Excel.

https://www.zillow.com/careers/jobs/

Heard of the ‘instant offers’ program yet. Brace yourself, meme’s forthcoming.

I’ve read on open blogs that if you log into zillow and make them aware of all your home upgrades, your zestimate will go up.

Good boys and girls know that when you get permits for work completed, your assessed value goes up, along with your effective taxation amount. Just cut out the permit and update zillow instead? Logical fault.