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Zestimate Improves Accuracy thru $1M Contest
Zillow unveiled a new version of its Zestimate home valuation tool that’s supposed to be much more accurate than previous versions. Zillow claims the error rate is now less than 2% thanks to the ideas it collected in a $1-million contest to make the Zestimate smarter. It’s now claiming to have the most accurate home valuation tool, although it does face stiff competition from Redfin, and others.