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Zestimates emerge from legal attack unscathed

08/24/2017

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Zillow Group has emerged unscathed from a legal attack on its online home valuation tool: The Zestimate. On Wednesday a judge threw out the lawsuit alleging that Zestimates constitute illegal appraisals and violate consumer privacy laws, granting Zillow Group’s motion to dismiss. “We’re pleased the court has dismissed this,” Zillow spokesperson Emily Heffter told Inman. “The Zestimate has proven itself to be a sought-after and valuable free tool for consumers. “It’s the most accurate computerized home value estimate anywhere, and serves as an important data point for millions of homeowners, buyers and sellers every day. ” [gview file=”https://www.inman.com/wp-content/uploads/2017/08/357064567-Vipul-Patel-vs-Zillow-Zestimate-lawsuit-dismissal.pdf”] In the proposed class-action lawsuit filed in mid-May, a family of Illinois homebuilders sued Zillow over Zestimates for properties they owned, including two for-sale homes whose Zestimates were far below their list prices. …

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