[agentofoblivion]

If your algorithm worked better, don’t you think that would be the algorithm? You think those models don’t consider recent sales?

[lotsofpulp]

Zillow is a biased party, being a business that earns its income from home sales. They very well could publicize different figures than what they really think, although I think it is more likely that they simply do not have the ability to predict prices any better than most others.

Which is why they lost a ton of money in their home buying/selling division and shut it down.

[hackernewds]

that sounds illegal. if a platform has monopoly pricing power, especially on something like housing

[lotsofpulp]

Zillow has zero pricing power. Hence they lost a ton of money and shut down that part of their business.

[willis936]

afaik price fixing is only illegal when two parties conspire. If anyone knows about market manipulation regulation please correct me.

[alephnan]

If you saw a $20 bill on the ground, you shouldn’t pick it up because someone else would have thought to do so already.

[willis936]

Are you suggesting that the publicly traded, profit maximizing Zillow would suggest prices that are good for buyers rather than use their position in the market to control the price?

[doubleg72]

Apparently not in my area