We've also got a look at Redfin and Zillow, and what lower interest rates could mean for the industry.
Estimating a home’s value with online tools can feel as unpredictable as guessing next week's weather. Even with data-crunching algorithms, the results can vary wildly depending on the tool used. Zillow, Redfin, and Chase – three of the biggest names in home valuations – often show values that differ so much it might seem like they’re pricing completely different homes. Don't Miss: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital
The competitive market means that even a heavily damaged property is being sold as a hot commodity.