And in a market like eastern MA, where the average price is about $500,000, 90% of their estimates are within $100,000 of true market value.With or without disclaimers, they are knowingly pushing bad data out to the unsuspecting public.My favorite Zillow pic from November 2016...

They can look at specific areas through time and give you DOM, list v. sale, price per square foot, etc which are all great data points if looking to invest in that location.~ Lindsey

If its not performing then its performa data that any commercial broker knows is best case and will probably not be achieved at least short term..

If the rental market is not favorable, you’ll likely see less investor activity and therefore less potential buyersAvailability of Data and ResourcesAccess to market data and networking resources can be a huge benefitConsider things like; access to county/court data, is it a non disclosure state, etcCommunity and Economic Trends Understanding local trends/issues can provide crucial insight into your target marketYou can operate virtually, but it’s still important to develop expertise in your target market*** Good market selection is not a guarantee of success.

@Ashwin kumar Kovur what data has your agent supplied to back up their claims?

We use rental data and analytics to find the best properties. 

Zillow does do a relatively good job of pulling data from the local MLS's in most markets, so if its actively going through price drops, that is likely true.

We may not know a lot of specific data about areas, but I believe our eyes can tell us if the investment makes sense.Ive never heard of the home builder your talking about but there was some news about them a while back building affordable homes in Frayser for $110,000 to $120,000.  

On a purchase appraisal, they have the contract price as a data point and target number - it's essentially a pass/fail evaluation of the purchase price. 

That's why we state using our data as an outline to build your own for whatever market you are interested in:)Of course, if you ever decide to invest in Detroit...we should chat.