Eisboch wrote:
"Short Wave Sportfishing" wrote in message
...
On Fri, 28 Mar 2008 20:11:44 -0400, "Eisboch" wrote:

"Calif Bill" wrote in message
...



Looking at Zillow regards my home, it says $819k while smaller homes
down
the street are rated the same or higher. Seems as if is a low rating as
the equivelent home was $1.2mm 8 months ago. And homes in this area
have
not dropped like a lot of other regions. Close upscale housing for
Silicon Valley.
I am telling ya, Zillow has revised their valuations, including
historical
data.
Yep. I think we've pretty much figured that out.

Now the question is why.

Perhaps they were overestimating values a tad?



My guess is this:

Zillow is connected with realtors or a home marketing network somehow.
They are always asking you if your house is for sale and encourage you to
list it. They even had a campaign for a while encouraging a "what offer
would it take to sell it" deal.

Inflating the market value was a means to falsely encourage people to list
their home, thinking they could get more for it than it was really worth.

Eisboch




Methinks you fellas are grossly overestimating the connection between
Zillow and real estate appraised values.