Tech Industry
Yesterday
2318
I ruined my life
Working Parents
Yesterday
688
Newborn born today, already struggling with sleep
New York
Yesterday
814
Chicken Biryani now costs $20 🥲
Tech Industry
Yesterday
1708
Woman’s offer rescinded due to pregnancy
2024 Presidential Election
Yesterday
700
If You’re Paying Attention, Biden Just Told Us How Democrats Plan to Rig & Steal 2024 Election.
It's funny why do you do backward adjustment? my house was estimated 1.4m when I purchased it with 1.35m in 2018, the estimate then went down to 1.2m now it's estimated at 1.7m and the history shows it was 1.55m when I bought it at 1.35m, the estimates during the low periods are now all significantly higher....WTH?
You actually pay attention to, and care about, the Redfin estimate?
It's based on sale comparables and metadata. For example one house that sold high or low in your area without a lot of data can swing your estimates. Also, Inventory is low and new money people will buy houses way over the comps. (You can see other folks on Blind getting outbid every week.) And it won't stop. Lots of IPO folks (e.g. Snowflake, Airbnb, Palantir, Coinbase) will be out there buying homes and rental properties soon! I'm actually pretty happy for them because traditionally those options were out of reach for people in their 20s.
Companies like redfin are acceleratimg prices and contributing to sellers market.
Huh that's interesting. Maybe they just tune model params every day with new data and that messes with the historical estimates as well. I guess it's better to show what you think the house would've sold for using best available data rather than sticking to an old estimate just because they made the estimate on a specific date / time.
That would some cheap tactic