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The criticism is leveled at computerized real-estate appraisals, which depend on models that use prices from home sales and other data to determine a house's value. Because of the housing market's volatility, these appraisals are underestimating prices, some homeowners, real-estate agents and fee appraisers say.
Zillow alleges that Trulia infringes on its patented technology by offering a similar service dubbed ‘Trulia Estimates’, originally launched in 2011 in what Zillow refers to as a ‘copycat service’.
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