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Zillow CEO on competition to improve “Zestimate” algorithm

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The U.S. housing market is gaining strength on job growth and strong consumer confidence. In the first quarter of this year, sales of existing homes jumped to $5.6 million, the best performance in a decade. Online real estate giant Zillow is reaping some of the rewards. Zillow Group CEO Spencer Rascoff joins "CBS This Morning" to discuss the $1 million "Zillow Prize" and home values.

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1 Comment

  1. prosperandbehealthy says

    *Zillow is so Wrong! Markets in California and New York are up 30% so far this year and expected to climb above 50% in 2017. Zestimate is so misleading. The simple fact is what people are paying when the houses close. Other things play in the ups and downs like the MSM Witch Hunt against President Trump stalling the growth in the economy and home sales*

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