Tech Tuesday: Zillow?s Home Valuation Algorithm
Zillow?s Home Valuation Algorithm
It’s Tech Tuesday – our weekly dose of?tech innovations that are rapidly changing the real estate industry.
The article of the week: “Zillow awards $1 million to team that reduced home valuation algorithm error to below 4%.”
Are you familiar with Zillow’s Zestimate?
It’s Zillow’s estimated market value for a home, computed using a proprietary formula.
Well, two years ago Zillow launched?an open contest called the Zillow Prize. This contest challenged users to improve the accuracy of Zillow?s home valuation algorithm.
A winner emerged, and now Zillow expects that the improvements could bring it $1,300 closer to the actual home’s sale price.
Pretty cool, right?
You May Like
Tech Tuesday: Real Estate Tech Selected by Top Producers
It’s Tech Tuesday our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond. Article: https://www.inman.com/2019/08/12/the-smartest-tech-choice-i-made-this-year/ What is the smartest tech choice you made this year? A 2019 Report by Propertybase
Tech Tuesday: Real Estate Companies Should Have a Tech Team.
It?s Tech Tuesday ? our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond. Article: Every Real Estate Company Should Have a Tech Team Author: Kelsi Maree Borland It's