International Team Wins Zillow’s $1 Million Prize for Improving Zestimates

International Team Wins Zillow’s $1 Million Prize for Improving Zestimates

The winning trio, from the U.S., Canada and Morocco, teamed up in the final round of the contest.

After nearly two years of competition among more than 3,800 teams from 91 countries, Zillow awarded the $1 million Zillow Prize in the contest to improve the accuracy of the Zestimate. The winning team beat the Zillow benchmark model by approximately 13 percent. As a result of these improvements, their work will help push the Zestimate’s current nationwide error rate of 4.5 percent to below 4 percent.

Most Popular Articles

FTC fines Opendoor $62M for deceptive practices HW+

The FTC alleges that Opendoor pitched its services to potential home sellers by saying they could make more money selling to the iBuyer than via the open market. The government says that was untrue.

Aug 01, 2022 By

Latest Articles

Multigenerational marketing will help agents prosper in today’s market  HW+

Staying up to date on what is motivating buyers and sellers and creating a comprehensive marketing strategy to appeal to their wants and needs is crucial in gaining a competitive edge. Here, we outline steps you can take to diversify your campaigns, and why it’s vital to implement a multigenerational approach to marketing.

Aug 09, 2022 By