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Tag: Zestimate

Data Competition Upgrades Zestimate Accuracy

Jan 30, 2019 |

The ability to reckon the value of what for many is their most valuable asset increased with the award this week of the Zillow Prize, a contest to tweak the accuracy of its Zestimate algorithm. Read more…

Machine Learning Used to Value Real Estate

Oct 5, 2017 |

Determining the value of commercial real estate, among the largest of asset classes for investors, remains difficult, likely lending itself to the application of new machine-based valuation models that among other things take advantage of “hyper-local” Read more…

Under Contract: Crowd-Sourced Zillow Algorithm

May 25, 2017 |

Zillow, the home sales tracking web site, has transformed the real estate business, but its proprietary algorithm for estimating home values hasn’t always measured up.

In tacit acknowledgment of that shortfall, the Seattle-based company launched a machine learning competition this week that will award $1 million to the individual or team that comes up with the best improvement to its “Zestimate” Read more…

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