(March 22, 2010)--Are estimates of home values at Zillow.com accurate? A research study conducted by University of Texas at San Antonio business faculty members Daniel Hollas, Ron Rutherford and Tom Thomson found that Zillow's market value estimates are not any more reliable than owners' estimates of value.
Their study, "Zillow's Estimates of Single-Family Housing Values," examined how Zillow's estimates of value, known as Zestimates, compares to actual sales prices. Zillow.com is a Web site that provides estimated market values for houses. The research was published in The Appraisal Journal's Winter 2010 issue.
The faculty members looked at 2,045 single-family home sales in Arlington, Texas, which was rated by Zillow as having the most accurate data. The study found that 40 percent of the homes in the sample were overvalued by Zillow by more than 10 percent, compared to actual sales prices.
"Given these results, homeowners can make good use of Zillow's Zestimates, but in most cases Zillow should not be relied on to provide an accurate estimate of value," said Ron Rutherford, the Elmo J. Burke Jr. Endowed Chair in Building Development. "It appears, based on results from prior research and the current results, that homeowners are able to determine the value of their own homes better than an automated system such as Zillow."
The Spring Research Conference offers graduate and undergraduate students pursuing majors in the College of Liberal and Fine Arts the opportunity to present their original work in a forum of interested and critically engaged minds that is at the same time welcoming and inclusive.
Various locations, Main Campus
Mimi Marziani, executive director of the Texas Civil Rights Project, will speak about civil rights advocacy, political campaigns, election law and nonprofit management.
SAWS Headquarters, 2800 U.S. Highway 281 North, San Antonio
Join the Center for Military Families for a panel on Politics in the Service of Military Families, featuring Cedric Leighton, David Splitter, Steve Huerta, and the Office of Congressman Henry Cuellar. The event is free and open to the public.
Buena Vista Street Building, Aula Canaria Lecture Hall (BVB 1.328), Downtown Campus
UTSA Dance classes will take the stage and share their talents and passion for dance! Come support our growing dance program! $10 admission
Buena Vista Street Building Theater (BVB 1.326), Downtown Campus
This panel presentation will look at the history of the YWCA and the impact the organization has had on women in the San Antonio community.
McKinney Humanities Building (MH 2.02.10), Main Campus
The Demography Lecture Series continues with Dr. Barbara Bird of American University. Her topic focuses on Insights Into a Hard to Find Population: Latino Entrepreneurs in Metro Washington, D.C. Event is free and open to the public. Parking is available in the pay stall spaces of the Monterrey surface lot.
Monterrey Building (MNT 3.240), Downtown Campus
This video tells the story of four Latina lesbians who fought for exoneration after being wrongfully convicted of sexually assaulting two girls during the Satanic Panic witch-hunt era of the 1980s and 1990s.
North Paseo Building (NPB 1.114), Main Campus
Tejana/Indígena author Ire'ne Lara Ailva will read from her latest work and discuss her approach to reimagining Tejan@ myths.
Main Building (MB 2.404), Main Campus
The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.
To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.