CNET is reporting real estate info site, Zillow, has had an FTC complaint filed against it for posting misleading home pricing estimates.
In its complaint with the Federal Trade Commission, the National Community Reinvestment Coalition states that Zillow is “intentionally misleading consumers and real-estate professionals to rely upon the accuracy of its valuation services despite the full knowledge of the company officials that their valuation Automated Valuation Model (AVM) mechanism is highly inaccurate and misleading.”
I think the claim is bogus. Zillow is just a research site. You can’t sue it for publishing real estate estimates, anymore than you can sue Jupiter or Nielsen for their research studies.