In the 1970's, the economist George Akerlof wrote a paper on a concept called "information asymmetry" that won him a Nobel Prize. The paper told the story of car sellers who had an "information advantage" and could take advantage of the buyer's ignorance, theorizing that in most sectors, the seller has the upper hand over the buyer because they have more information about the product they're selling.
Although they changed the game in many ways you mentioned...and I realize the accuracy can be questionable...I have always loved the Zestimate. If you're trying to sell or buy (or you're a realtor) you probably hate it, but as someone who loves to get some validation on appreciation of my property it's pretty awesome.
Although they changed the game in many ways you mentioned...and I realize the accuracy can be questionable...I have always loved the Zestimate. If you're trying to sell or buy (or you're a realtor) you probably hate it, but as someone who loves to get some validation on appreciation of my property it's pretty awesome.