(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."
Join the combined UTSA Bands as they perform a program of holiday and seasonal-themed music! This program is appropriate for all ages and includes medleys and arrangements of well-known favorites. Tickets are $10; no free admission.
Arts Building, Recital Hall (ARTS 2.03.02), Main Campus
State Rep. Diego Bernal presents a Q&A panel discussion with MALDEF, RAICES and DMCA Immigration Law Firm about DACA and the current state of affairs for Dreamers. Opening remarks by Congressman Joaquin Castro and Congressman Lloyd Doggett.
Buena Vista Building, Aula Canaria Auditorium (BVB 1.328), Downtown Campus
Graduates from the College of Architecture, Construction and Planning, College of Business, College of Education and Human Development and the College of Public Policy will participate in the first commencement ceremony. President Romo will deliver the keynote address.
Graduates from the College of Engineering, College of Liberal and Fine Arts, College of Sciences and University College will participate in the second commencement ceremony. President Romo will deliver the keynote address.
UTSA's Department of Music hosts Dr. David Huron from Ohio State University as part of the Donald Hodges lecture series. Huron is a Canadian arts and humanities distinguished professor at Ohio State University.
UTSA Faculty Center, John Peace Library (JPL 4.04.22), Main Campus
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