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kleinbl00 · 894 days ago · link · · parent · post: Zillow to stop flipping homes for good as it stands to lose more than $550 million, will lay off a quarter of staff
Redfin is pretty nuts, too. But again, their guarantee is a lot more cagey - "within 3%, 2/3rds of the time" is basically "we're really right when we're right, and really not when we're not" which hey - that's honest. The proper way to use Redfin's estimates is to see how fucking wrong they are on sold properties. When their "current estimate" is more than a few percentage points one way or another than what something sold for right fucking now you have an idea of which way the market is moving. If you look at how long ago the property went pending, you have an idea when the contract was accepted. Beyond that, it's just noise.