-
Zillow’s home-buying debacle shows how hard it is to use AI to value real estate
The move, touted by a enterprise exec at the time as “an interesting advancement,” was intended to streamline the procedure for homeowners looking at providing to Zillow as aspect of its dwelling-flipping small business. Zillow promoted this choice as a way to make it handy to provide a dwelling while reducing interactions with many others all through the pandemic. Just eight months later, even so, the corporation is shutting down that organization, Zillow Delivers, entirely. The selection, introduced previous 7 days, marks a breathtaking defeat for Zillow. The authentic estate listing corporation took a $304 million stock publish-down in the 3rd quarter, which it blamed on getting not too long…