
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: Future of Home Buying
It’s Tech Tuesday our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond. Article: https://www.valuewalk.com/2019/10/real-estate-technology/ Some of the industry’s top real estate leaders gathered in Los Angeles, to delve into

Tech Tuesday: Opportunity in the Real Estate Market
It's Tech Tuesday our weekly dose of tech innovations that are rapidly changing the real estate industry and beyond. Article: https://www.forbes.com/sites/forbesrealestatecouncil/2019/07/30/how-tech-is-taking-on-its-biggest-challenge-yet-real-estate/#73cc4f9f2b37 Will the process of buying a home change? In the next five years, it's