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	<title>Comments on: The Zindex Illusion or How to Sell A Housing Report Without Using Actual Home Sales</title>
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	<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/</link>
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		<title>By: Luxury Car Seat</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-270571</link>
		<dc:creator>Luxury Car Seat</dc:creator>
		<pubDate>Thu, 29 Oct 2009 16:51:42 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-270571</guid>
		<description>Of course I can but I&#039;d rather you think about it first. If you haven&#039;t figured it out by the morning, I&#039;ll tell you. It&#039;s a brain-teaZer.</description>
		<content:encoded><![CDATA[<p>Of course I can but I&#39;d rather you think about it first. If you haven&#39;t figured it out by the morning, I&#39;ll tell you. It&#39;s a brain-teaZer.</p>
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		<title>By: Fun FreeKids Games</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-270313</link>
		<dc:creator>Fun FreeKids Games</dc:creator>
		<pubDate>Thu, 15 Oct 2009 23:44:20 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-270313</guid>
		<description>I love that M.C.Escher drawing at the beginning of the post.</description>
		<content:encoded><![CDATA[<p>I love that M.C.Escher drawing at the beginning of the post.</p>
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		<title>By: club penguin ninja cards</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-269158</link>
		<dc:creator>club penguin ninja cards</dc:creator>
		<pubDate>Thu, 06 Aug 2009 09:09:52 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-269158</guid>
		<description>I&#039;ve been told that in some markets, appraisers must include sales comparables that are only three months old, rather than looking six months back, as has been typical. In our current market, tax valuations are all over the board and do not appear consistent at all with how the actual real estate market is performing.</description>
		<content:encoded><![CDATA[<p>I&#39;ve been told that in some markets, appraisers must include sales comparables that are only three months old, rather than looking six months back, as has been typical. In our current market, tax valuations are all over the board and do not appear consistent at all with how the actual real estate market is performing.</p>
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		<title>By: zillow s estimated market home tax data</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-223885</link>
		<dc:creator>zillow s estimated market home tax data</dc:creator>
		<pubDate>Sat, 31 May 2008 00:43:28 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-223885</guid>
		<description>[...] home values in the first quarter of 2008 fell 1.6 percent from the fourth quarter and 7.7 perhttp://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-withou...A Comparison of Online Real Estate Valuation ServicesThe recent launch of Zillow.com, a free online [...]</description>
		<content:encoded><![CDATA[<p>[...] home values in the first quarter of 2008 fell 1.6 percent from the fourth quarter and 7.7 perhttp://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-withou&#8230;A Comparison of Online Real Estate Valuation ServicesThe recent launch of Zillow.com, a free online [...]</p>
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		<title>By: Palmetto Challenge Winner for May 14th, 2008</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-220249</link>
		<dc:creator>Palmetto Challenge Winner for May 14th, 2008</dc:creator>
		<pubDate>Wed, 14 May 2008 12:06:57 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-220249</guid>
		<description>[...] did exhibit a blogger&#8217;s nimble keyboarding fingers and quick wit was Joseph Ferrara&#8217;s The Zindex Illusion, or How to Sell A Housing Report Without Using Actual Home Sales. While he took sharp aim at Zillow.com, the &#8216;real estate&#8217; website we all love to hate, [...]</description>
		<content:encoded><![CDATA[<p>[...] did exhibit a blogger&#8217;s nimble keyboarding fingers and quick wit was Joseph Ferrara&#8217;s The Zindex Illusion, or How to Sell A Housing Report Without Using Actual Home Sales. While he took sharp aim at Zillow.com, the &#8216;real estate&#8217; website we all love to hate, [...]</p>
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		<title>By: ARDELL DellaLoggia</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-220129</link>
		<dc:creator>ARDELL DellaLoggia</dc:creator>
		<pubDate>Tue, 13 May 2008 17:32:38 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-220129</guid>
		<description>Why do I feel like I&#039;m watching a cat play with a mouse :)</description>
		<content:encoded><![CDATA[<p>Why do I feel like I&#8217;m watching a cat play with a mouse <img src='http://blog.sellsiusrealestate.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: Joseph Ferrara</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-220098</link>
		<dc:creator>Joseph Ferrara</dc:creator>
		<pubDate>Tue, 13 May 2008 12:39:11 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-220098</guid>
		<description>No need David, as much as I enjoy a brainteaZer :) But thanks.</description>
		<content:encoded><![CDATA[<p>No need David, as much as I enjoy a brainteaZer <img src='http://blog.sellsiusrealestate.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />  But thanks.</p>
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		<title>By: David G from Zillow.com</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-220061</link>
		<dc:creator>David G from Zillow.com</dc:creator>
		<pubDate>Tue, 13 May 2008 02:44:39 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-220061</guid>
		<description>&quot;Can you explain how a 2 year old Zindex can arrive at a number that sets a 12 year record?&quot;

Of course I can but I&#039;d rather you think about it first. If you haven&#039;t figured it out by the morning, I&#039;ll tell you. It&#039;s a brain-teaZer.</description>
		<content:encoded><![CDATA[<p>&#8220;Can you explain how a 2 year old Zindex can arrive at a number that sets a 12 year record?&#8221;</p>
<p>Of course I can but I&#8217;d rather you think about it first. If you haven&#8217;t figured it out by the morning, I&#8217;ll tell you. It&#8217;s a brain-teaZer.</p>
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		<title>By: Joseph Ferrara</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-220059</link>
		<dc:creator>Joseph Ferrara</dc:creator>
		<pubDate>Tue, 13 May 2008 02:38:39 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-220059</guid>
		<description>Oh, I almost forgot.  Can you explain how a 2 year old Zindex can arrive at a number that sets a 12 year record?</description>
		<content:encoded><![CDATA[<p>Oh, I almost forgot.  Can you explain how a 2 year old Zindex can arrive at a number that sets a 12 year record?</p>
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		<title>By: Joseph Ferrara</title>
		<link>http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/comment-page-1/#comment-220058</link>
		<dc:creator>Joseph Ferrara</dc:creator>
		<pubDate>Tue, 13 May 2008 02:25:20 +0000</pubDate>
		<guid isPermaLink="false">http://blog.sellsiusrealestate.com/zillow/the-zindex-illusion-or-how-to-sell-a-housing-report-without-using-actual-home-sales/2008/05/12/#comment-220058</guid>
		<description>David,

Let me state this as simply as possible.  In my example, the number used as the data point in the Zindex IS the zestimate of $436,500.  This is a correct statement. For you to suggest otherwise is misleading to the public, IMO.

The Zindex simply does NOT use recent sales prices as data points (they only use the zestimates, which is not the same number, by anyone&#039;s logic).  This too is a correct statement. You obviously agree when you state &quot;the zestimate value is used only once&quot;.  Exactly! As a Zindex data point.  Thank you for making the point, although obtusely.

I have quoted from zillow.com on how the Zindex is determined.  Here it is again for your benefit:

&quot;....suppose there are 101 homes in your county. Zillow would create a Zestimate for each of these homes. We then arrange all 101 Zestimates from lowest value to highest and, starting from the smallest value, we would pick the middle one — the 51st — and this would be the Zindex for your county on that particular day.&quot;

You will notice that nowhere does it state that BOTH the sales price and zestimate are used as data points-- only 101 zestimates for 101 homes.  Simple to understand, no? (actually, you just need to know how to read the words)

Until the Zindex language is corrected, my post stands as accurate.  I say it again: Only zestimates, and NOT recent sales prices are the data points comprising a Zindex. (I notice you avoid the use of the term &quot;data point&quot;, suggesting to me you are intentionally trying to skirt the issue --- I can&#039;t imagine you don&#039;t know what a data point is)

Re: calculation in a Zindex.  (I think here is where you go amiss.)

There is no &quot;calculation&quot; in a Zindex other than listing the zestimates and counting to the middle one. Count along with me, David-- zestimate 1, zestimate 2...   Easy. Did you count a recent sales price? If so, you made a boo-boo. Do not pass Go, do not collect $200 ;)

If you still think I am wrong on the makeup of a Zindex, I suggest you go back and read what data points are counted when a Zindex is arrived at and come back with a link showing where recent sales prices are part of the data points counted.  You won&#039;t find it, so I won&#039;t wait up.

And let&#039;s not forget this key Zindex point:  for homes without recent sales prices, only zestimates of unknown inaccuracy are filling up that Zindex, right?  The more recent sales prices missing, the more the Zindex turns into zestimate mush.

As always, you are the whirling dervish of Zillow spin doctors.

PS: Hey, David, any chance, in the name of transparency, I can see the raw data making up a Zindex for a county?</description>
		<content:encoded><![CDATA[<p>David,</p>
<p>Let me state this as simply as possible.  In my example, the number used as the data point in the Zindex IS the zestimate of $436,500.  This is a correct statement. For you to suggest otherwise is misleading to the public, IMO.</p>
<p>The Zindex simply does NOT use recent sales prices as data points (they only use the zestimates, which is not the same number, by anyone&#8217;s logic).  This too is a correct statement. You obviously agree when you state &#8220;the zestimate value is used only once&#8221;.  Exactly! As a Zindex data point.  Thank you for making the point, although obtusely.</p>
<p>I have quoted from zillow.com on how the Zindex is determined.  Here it is again for your benefit:</p>
<p>&#8220;&#8230;.suppose there are 101 homes in your county. Zillow would create a Zestimate for each of these homes. We then arrange all 101 Zestimates from lowest value to highest and, starting from the smallest value, we would pick the middle one — the 51st — and this would be the Zindex for your county on that particular day.&#8221;</p>
<p>You will notice that nowhere does it state that BOTH the sales price and zestimate are used as data points&#8211; only 101 zestimates for 101 homes.  Simple to understand, no? (actually, you just need to know how to read the words)</p>
<p>Until the Zindex language is corrected, my post stands as accurate.  I say it again: Only zestimates, and NOT recent sales prices are the data points comprising a Zindex. (I notice you avoid the use of the term &#8220;data point&#8221;, suggesting to me you are intentionally trying to skirt the issue &#8212; I can&#8217;t imagine you don&#8217;t know what a data point is)</p>
<p>Re: calculation in a Zindex.  (I think here is where you go amiss.)</p>
<p>There is no &#8220;calculation&#8221; in a Zindex other than listing the zestimates and counting to the middle one. Count along with me, David&#8211; zestimate 1, zestimate 2&#8230;   Easy. Did you count a recent sales price? If so, you made a boo-boo. Do not pass Go, do not collect $200 <img src='http://blog.sellsiusrealestate.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /> </p>
<p>If you still think I am wrong on the makeup of a Zindex, I suggest you go back and read what data points are counted when a Zindex is arrived at and come back with a link showing where recent sales prices are part of the data points counted.  You won&#8217;t find it, so I won&#8217;t wait up.</p>
<p>And let&#8217;s not forget this key Zindex point:  for homes without recent sales prices, only zestimates of unknown inaccuracy are filling up that Zindex, right?  The more recent sales prices missing, the more the Zindex turns into zestimate mush.</p>
<p>As always, you are the whirling dervish of Zillow spin doctors.</p>
<p>PS: Hey, David, any chance, in the name of transparency, I can see the raw data making up a Zindex for a county?</p>
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