
Spencer Rascoff & Stan Humphries
A data-driven guide to smarter real estate decisions, debunking myths and revealing the new rules for buyers, sellers, and investors.
The term 'Zestimate' has become part of the real estate vernacular, representing Zillow’s proprietary home valuation model.
Section 1
8 Sections
Let us begin our journey into the world of homes—the places where our hearts reside, and our wealth often hides. Imagine, for a moment, the feeling you have when you cross the threshold of a new house: the thrill, the hope, the anxiety, and the dreams.
In the past, choices about where to live were often dictated by what felt right for our families. Picture a family, freshly moved to a new city, who chooses to buy a house immediately—not because it’s the smartest financial move, but because stability for their children matters more than maximizing returns. Or imagine someone in a different culture, who builds a home brick by brick, investing every spare dollar not for profit, but to protect their savings from the claims of extended family. These stories remind us that
Yet, for generations, the world of real estate was shrouded in mystery. Information about home prices, sales histories, or neighborhood trends was tightly held by agents or buried in courthouse records. The average person was left to guess, trust, or hope they were making the right move. Then, a quiet revolution happened. Imagine the excitement when, for the first time, millions could see the estimated value of every home in America at the click of a button.
But Zillow didn’t stop at a single estimate. Every night, behind the scenes, more than a million predictive models are built anew, each one learning from the day’s changes, from new sales, renovations, and shifting trends. This continuous renewal means that the information you need is always fresh, always relevant, always evolving—just like your dreams for your own home.
So as we begin this story, remember:
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