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Trust Algorithm and lose 500 Mn $

The Synopsis Here's a question for you: If the housing market improves, will online home-listing businesses' stock prices rise as well? You are correct if you replied "yes." That's exactly what you'd anticipate in most cases, and it's exactly what occurred with Zillow, a prominent US real estate listing service. For the corporation, the epidemic was a gift in disguise. Americans were unable to leave their homes. They were bored at home, so they invented a new pastime: fantasising about their ideal dwellings. They naturally resorted to websites like Zillow to browse real estate listings and purchase the nicest residences they could find. With low mortgage rates, house sales in the United States are expected to reach new highs in 2020. Meanwhile, Zillow's stock almost quadrupled in 2020. But Zillow wasn't only there to help individuals sell their homes. It also improved people's perceptions of them. Investopedia says it this way: Zestimates, a po...