Month: December 2021

In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate” would also represent an initial cash offer from the company to purchase the property.   The move, touted by a company exec at the time as “an exciting …

Zillow’s home-buying debacle shows how hard it is to use AI to value real estate Read More »

Hundreds of sellers awaiting new builds will have to sell their homes another way after Zillow canceled contracts for closings set for late 2022 through its defunct iBuyer, Zillow Offers After vowing to honor outstanding purchase agreements made through Zillow Offers, Zillow has canceled 400 of approximately 8,172 contracts with homesellers nationwide, the company has confirmed.  The …

Zillow cancels 400 Zillow Offers contracts due to closing restraints Read More »