Zillow shares "New Rules of Real Estate"

Very interesting interview this morning on CBS with Zillow's CEO.  Video can be found here--

http://www.cbsnews.com/videos/zillow-ceo-shares-new-rules-of-real-estate/

Interesting that they claim their "Zestimates" have on average an 8% error rate.  In our neck of the woods, it seems significantly higher. 

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