Zillow’s ‘fuzzy math’ used in home valuations?

Zillow’s ‘fuzzy math’ used in home valuations

Puget Sound Business Journal

Date: Thursday, November 17, 2011, 6:45am PST

Just how do online real estate companies like Seattle’s Zillow.com determine how much your home is worth? "Fuzzy math" might enter the equation.

The Wall Street Journal’s Smart Money reports that online home estimates from companies like Zillow (NASDAQ: Z) "can be far rougher than most consumers realize," and valuations could be off by as much as 50 percent. "Indeed, if the websites were dart throwers, they’d seldom hit the bull’s-eye, and they’d sometimes miss the board entirely."

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