For most of us, we understand that the Zillow Estimate is not to be taken seriously. For others, they live an learn that it is usually seen as a “guestimate” and not to be trusted much more than any other automated estimate. Still others are putting more weight on these Zestimates and it is making it more difficult for the truth to shine through for any particular market.
Now Illinois Homebuilders have had enough of this charade and have filed a lawsuit. Let’s see how this will turn out, what affect it may have on others in the same situation and how it may effect the way Zillow continues to do business in the future.