How to Solve the New $1 Million Kaggle Problem - Home Value Estimates

A new competition is posted on Kaggle, and the prize is $1.2 Million. Here we provide some help about solving this new problem: improving home value estimates, sponsored by Zillow. We have published in the past about home value forecasting, see here, and also .here and here. In this article, I provide specific advice related to this new competition, to anyone interested in competing or curious about home value forecasting. Additional advice can be obtained by contacting me. More specifically, I provide here high-level advice, rather than about selecting specific statistical models or algorithms, though I also discuss algorithm selection in the last section.