Class Action Suit Against Zestimates Dismissed
When I first heard the news that someone in Illinios was suing Zillow over a bad Zestimate, my gut was it was a complete frivolous lawsuit that would result in nothing other than wasting both time and money by both parties.
Turns out I was right. The judge dismissed the case.
I’m no fan of lawsuits, and glad to see the judge make the right decision on this one.
(and yes, I realize this post isn’t technically “real estate tech”)
Bryn Kaufman
Posted at 16:06h, 24 AugustI agree with you about frivolous lawsuits but I disagree with you that your post is not real estate tech. LOL
Zillow’s automated valuation model, otherwise known as a Zestimate, is pretty technical. So much so that how exactly they arrive at those numbers are kept secret and are probably constantly tweaked to try to improve their results.
Anyway, I understand the lawsuit is not tech but the AVM is definitely tech so your post is relevant.