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CoreLogic

Estimated Home Values According to CoreLogic, or, “Throwing Darts By Any Other Name”

  Estimates So Broad You Could Drive a Truck Through Them [Editor’s Note: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.] RealAVM:  $859,828 RealAVM Range:  $662,068 to $1,057,588 Confidence Score:  66 Forecast Standard Deviation:  23 –Excerpt, MLS If you only...
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“Estimated Home Values” by CoreLogic

A Dartboard By Any Other Name Estimated Value:  $615,101 Estimated Value Range:  $547,440 – $682,762 Confidence Score:  82 Forecast Standard Deviation:  11 –“Estimated Value” by CoreLogic; Hennepin County tax records excerpt. Sorry, estimating a home’s value — with a range of more than $100k (or $136k, in the case of this Eden Prairie home, above) —...
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Real Estate Recount?

Maybe Madoff Can Be a Judge NAR economists promised to study the [issue of overstated housing sales] during a December conference call that included economists from the Mortgage Bankers Association, Fannie Mae, Freddie Mac, the Federal Reserve, the Federal Housing Finance Agency and CoreLogic. –“Home Sales Data Doubted“; The Wall Street Journal (2/22/11) One of the real...
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Zillow’s Home Estimates: Still Wildly Off the Mark

Lies, Damn Lies, & (Real Estate) Statistics — Cont. CoreLogic says its estimate is within 10% of a sales price for between about 55% and 75% of homes, depending on the region. Zillow’s estimate is within 10% of sales price almost half the time. –“Housing Statistics Hit Rough Waters“; The Wall Street Journal (Jan. 8,...
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