Arizona to stop estimating homes’ value

“Arizona regulators have ordered a Seattle-based online home price estimator to stop doing business in the state.” has won wide popularity by applying algorithms to publicly available data to come with rough estimates of the value of existing homes, which it makes available for free through its site. The Arizona Board of Appraisal says that Zillow should not be dispensing such information without an appraiser’s license. (“Arizona bars online home price estimator”, AP/Tucson Citizen, Apr. 15)(& Coyote Blog).

One Comment

  • To be fair, Zillow is wildly inaccurate. Still, caveat emptor, I suppose.