Literally 2 houses in the same neighborhood sold for 1.15M and 1.16M last month. Redfin still estimates: 1.6M for both now. Like pls stop this. What’s your estimate model? I think it needs some updating. If your ML model uses PCA or whatever, last sold price should be main component / feature. This is coming from a realtor. Your estimates are getting borderline embarrassing 🙈. Where can I file a bug for y’all? @Redfin Houses below: https://redf.in/VE6PIL https://redf.in/RV9qlx
You have no idea how hosuing market works!
Their whole business is built on creating demands that's not there. It is not a bug.
Same with Zillow. Should be criminal
Zillow is much much better than Redfin in this case. With Zillow you can see the dips as well. If you look at Redfin they draw a straight line from the initial price to the current estimated one. Even though the price dropped in 2019, I don’t see any dip in Redfin estimates.
Last sale price is great if the house sold within the last 6 months, for the other 99.89% of houses you need to use other things. Coming from someone who finished high in Zillow home price prediction challenge.
Sure, a different model should be used for neighboring houses. However, I think it’s quite stupid or wrong that Redfin STILL estimates those 2 recently sold houses as 1.6M…when it clearly is not worth that if sellers were willing to sell for 1.15M lol
We are likely at the start of an generational housing crash. No model works well in that
A bunch of millennial bi**** who spent too much time in office and now can’t afford a decent house near their workplace and cribbing about redfin and Zillow. They don’t control anything. They can mark zero dollar for any house but it will go for what it will. One seller and 10 buyers and buyers competing against the need and insecurity of each other! Someone with two kids wants to pay 200k more than a millennial a-hole wants to pay ;)
Ok boomer. My question for you is, since I am born in 1998, does that make me a millennial a-hole or zoomer bi****? 🫃
1998 will make you a random a-hole who has no idea what is he talking about! You are some random dude who copies few line of code from stack overflow if you are in sw or runs some backend verif suite if you are in hw.
https://redf.in/MtkYed Listed for 1.85 reduced to 1.7 then taken off market. Per Redfin it’s now worth 1.9
With that logic they should repeat ^^ and the house is worth 5M in 2 years
Agree. I checked my house and there’s no way it would sell for that much even at the peak.
Who buys these houses? Ugly as shit.
int redfinEstimate = (int)(Math.random() * (listPrice * 0.02)) + listPrice; I received a staff offer from redfin for replicating their estimate in an interview
😂🤣
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You’re a realtor and you work at apple?
Apple needs real estate as well
Side gig! Maybe didn’t get the big buck which Apple Pays to very few. Funny story: most of the people working in MV can’t afford a house in MV Becuase of google employees and some other high rollers. Extend that to Cupertino and Apple. I am sure most of Apple employees can’t afford a house in Cupertino 😄