Our kids bought a house together that increased in value on Zillow by over $160,000 in two year’s time. Suddenly, the value is $80,000 less according to their algorithm. My suspicion is that they are trying to start “buying in” to that neighborhood. So, I think their strategy is to lower the comparable values so they can buy low. https://www.housingwire.com/articles/48838-zillow-planning-expansion-of-its-home-buying-business-in-southwest This should exacerbate a crash scenario.
