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Understanding the Zillow Home Price Estimate: How Accurate Is Your Zestimate?
"The Zillow "Zestimate" has become a household term in the American real estate market. For millions of homeowners, buyers, and curious neighbors, it serves as the first point of reference when determining the value of a property. Introduced in 2006, this proprietary automated valuation model (AVM) provides an estimated market value for millions of homes across the United States. While it offers a convenient snapshot of potential equity, understanding the technology behind the number and its limitations is crucial for making informed financial decisions. At its core, the Zestimate is a computer-generated estimate of a home’s market value, calc..."
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