What Are They Thinking ? Zillow

By
Real Estate Broker/Owner with Antonelli Realty 3137972

        The latest update to Zillow’s Zestimate algorithm now uses photos to adjust valuation of your home based on condition and features. That’s right, Photos, not nearby past sales but photos. So, what does this mean for Zillow fans? If your a fan, make sure your shutters, porch and rooms are painted.

     This has to be the craziest thing I have heard yet on coming up with a real value for a house.

      Stan Humphries, Zillow’s chief analytics officer & chief economist, said in a post; “We’ve taught the Zestimate to discern quality by training convolutional neural networks with millions of photos of homes on Zillow, and asking them to learn the visual cues that signal a home feature’s quality,” “For instance, if a kitchen has granite countertops, the Zestimate now knows — based on the granite countertop’s pixels in the home photo — that the home is likely going to sell for a little more.”

Zillow has some big plans and big delusions of grandeur.

What are your thoughts on this? 

 

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Rainmaker
1,669,823
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Lord love a duck!  AI only can take us so far - but Zillow is determined to make it work by declaring success whether it is or not

Jul 02, 2019 05:54 AM #1
Rainer
514,331
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Its getting crazy out there!

Using Photos, not nearby past sales but photos? So, what does this mean for Zillow fans? If your a fan, make sure your shutters, porch and rooms are painted.

     

Jul 02, 2019 07:30 AM #2
Rainmaker
573,575
Peter Mohylsky, South Walton
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

RIGHT, tell me more stories like this one

Jul 10, 2019 03:07 PM #3
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Rainmaker
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Paul Antonelli

Broker Owner; Antonelli Realty
All our listings are FEATURED on Zillow, Trulia
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