Homeowner sues Zillow for allegedly undervaluing her home
 

Homeowner sues Zillow for allegedly undervaluing her home
http://i.amz.mshcdn.com/hZm012ziqo92...a032d1ec3d.jpghttp://a.amz.mshcdn.com/assets/feed-...8be198fb13.jpghttp://a.amz.mshcdn.com/assets/feed-...6a4ca77139.jpg
Zillow's housing price estimate tool is facing its first legal challenge.

An Illi**is homeowner filed a lawsuit against the online real estate database this week, claiming the company's "Zestimates" feature lowballed the value of her house.

SEE ALSO: 13 U.S. cities where millennials can't afford to buy a house


Since Zillow obviously can't take a tour of every house in the country, "Zestimates" are based on tax data and other public records that are fed into the company's proprietary algorithm. That means they don't directly account for factors like remodels and the individual merits of each home. Read more...

More about Zillow and Businesshttp://pubads.g.doubleclick.net/gamp...0&c=1494568482
http://feeds.feedburner.com/~r/Mashable/~4/IjAcWECjpAY