> “pricing signals" skewing markets is what is supposed to happen
Only if the signals are accurate. Zillow calculates value based on comps in the same zip code since the range of properties in a zip code can vary tremendously. This is ridiculous in many zip codes. Ask any realtor what they think of “Zestimates”. You’ll get an earful.
Oh, I'm sure it's flawed. However, their AI-generated prices did tell them to get out of the market, and despite their stated reasons at the time it looks like they decided to leave the home-buying business suspiciously close to the top.
Only if the signals are accurate. Zillow calculates value based on comps in the same zip code since the range of properties in a zip code can vary tremendously. This is ridiculous in many zip codes. Ask any realtor what they think of “Zestimates”. You’ll get an earful.