"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