New ask Hacker News story: Ask HN: Has anyone noticed Redfin altering past house price estimates?
Ask HN: Has anyone noticed Redfin altering past house price estimates?
3 by HoppedUpMenace | 0 comments on Hacker News.
I've noticed, at least with regards to my home, that the price estimates for early this year were much higher than they are today. For example, one might had looked at the price history and saw their house had increased $100k in value from the time of purchase up until Jan/Feb of this year, whereas looking at the estimates today, that same time period now shows only a $20k gain. So if lets say 2020, house bought at $300k, was estimated at $400k by Redfin in early 2022. Today, Redfin now says the price estimate for the same home in early 2022 was actually $320k, not $400k as actually shown earlier in the year. I know price estimates are just that but I'm curious to know if anyone else has noticed or what you might think of something like this being altered after the fact?
3 by HoppedUpMenace | 0 comments on Hacker News.
I've noticed, at least with regards to my home, that the price estimates for early this year were much higher than they are today. For example, one might had looked at the price history and saw their house had increased $100k in value from the time of purchase up until Jan/Feb of this year, whereas looking at the estimates today, that same time period now shows only a $20k gain. So if lets say 2020, house bought at $300k, was estimated at $400k by Redfin in early 2022. Today, Redfin now says the price estimate for the same home in early 2022 was actually $320k, not $400k as actually shown earlier in the year. I know price estimates are just that but I'm curious to know if anyone else has noticed or what you might think of something like this being altered after the fact?
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