The Zestimate reboot is here


It’s a cool little internet widget that allows you to gather intel on your neighbors, watch your nest egg grow, and imagine moving up to your actual dream house. According to its creators, it’s now more accurate than ever.

An updated version of Zillow’s “Zestimate,” a tool that purports to show the value of nearly any American property, was launched Thursday. The company says the Zestimate can now “see” unique home features and pull more real-time information into its calculations, and claims an “error rate” of less than 2%.

The Zestimate, which first launched in 2006, was revolutionary in many ways. It turned Zillow ZG, +2.28%Z, +2.50% into the premier destination for ordinary consumers interested in real estate information, and helped launch the young media company into a destination for real estate agents who wanted to advertise to prospective buyers and sellers.

>>> Original Source <<<