• Lawsuit: Zillow ‘Zestimates’ Are Wrong, Preventing Homes From Selling | NBC Nightly News
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    Lawsuit: Zillow ‘Zestimates’ Are Wrong, Preventing Homes From Selling | NBC Nightly News

    WAY OFF DRIVING DOWN OFFERING AND THEY ARE SUING. JO LING KENT EXPLAINS. >>Reporter: BARBARA SAYS THE INTERNET IS SCARING OFF BUYERS. >>IT’S A HUGE ROAD BLOCK TO SELLING THE HOUSE. >>Reporter: AT THE BEGINNING OF THE YEAR, POPULAR ONLINE REAL ESTATE COMPANY ZILLOW ESTIMATED HER HOME’S VALUE WAS $652,000. A FEW MONTHS LATER IT PLUMMETED BY $116,000, LANDING AT $90,000 BELOW HER ASKING PRICE. >>THERE IS NO ABILITY TO TELL ZILLOW STAY AWAY FROM MY PROPERTY. >>Reporter: THERE ARE 110 MILLION HOMES ON ZILLOW. IT’S OFTEN WHERE PEOPLE ENCOUNTER THE FIRST VALUE. SHE IS SUING ALLEGING THEY ARE ILLEGAL APPRAISALS AND VIOLATE CONSUMER PROTECTION LAWS. ZILLOW SAYS IT’S WITHOUT…