Oct 31, 2006 11:45 AM
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San Francisco, 5:47 AM
Wed Feb 10
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The National Community Reinvestment Coalition has accused real-estate valuation site Zillow of publishing more inaccurate valuations for homes in black- and Latino-dominated neighborhoods, says the New York Times. Zillow denies the charges.
The brilliant bit is that Zillow's best defense is, "Our system is inaccurate all over," only slightly mitigated by their other defense, "These numbers aren't serious estimates."
Like most free-information sites — like Wikipedia, Google, or uppity tech blogs — Zillow secretly thrives on overconfident users. ("I'll tell my renters the property's worth more! I saw it on Zillow!") If this accusation hurts Zillow's credibility, it'll be because Zillow fought it off too well.
A Home Valuation Web Site Is Accused of Discrimination [NY Times]
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