May 11, 2017:  On Good Morning America Barbara Corcoran reported on the lawsuit filed against Zillow.com based on their “Zestimates” feature  (an algorithm that calculates your property’s value).

Real Estate agents have known for a long time how inaccurate Zestimates can be. Now the public is learning not only how inaccurate they are, but they can be problematic when you go to sell your home.

Barbara Corcoran, a renown real estate agent from New York City and personality on the television show Shark Tank shares her insights on the lawsuit, and Zillow.com.

Barbara concluded that if you really want an accurate valuation for a property to consult with a real estate agent.

Share this:
Mark Danforth Lomas

Recent Posts

First Quarter 2025 Statistics

Santa Barbara's real estate market in early 2025 has shown resilience, but signs of softening…

3 weeks ago

How Tariffs Will Impact Real Estate

President Trump's new tariffs are expected to significantly affect the real estate market. Here's a…

3 weeks ago

Curious California Real Estate Factoids for 2025

 March 19, 2025: Home sales are down in California, and prices are rising, with a…

1 month ago

Southern Santa Barbara Real Estate March Overview

Southern Santa Barbara, stretching from Carpinteria to Gaviota, offers a unique blend of coastal charm…

1 month ago

“Live” Santa Barbara Real Estate Statistics

The southern Santa Barbara's real estate market offers a fascinating glimpse into the dynamic interplay…

1 month ago

Southern Santa Barbara Real Estate Insights

In 2024 the southern Santa Barbara real estate market saw a 16% increase in inventory.…

2 months ago