Zillow Home Flipping Fiasco at Phoebe Susan blog

Zillow Home Flipping Fiasco. The plan was to identify properties that are quickly appreciating and have motivated sellers willing to pay zillow’s 5% to 9% service fee; And flip them at a profit. Why zillow’s algorithmic home buying venture imploded. Months before the company quit flipping houses, stanford gsb researchers spelled out the risks of ibuying. Ibuyers’ need for speed may hinder their ability to evaluate homes carefully. Zillow, the real estate website known for estimating house values, said on tuesday that it would exit the business of rapidly buying and. | illustration by khyati trehan. Zillow is laying off 25 percent of its workforce, it says, in what sounds like a direct result of losing $381 million flipping homes in three months. It was the startling culmination of a turbulent few weeks for america’s most famous real estate company:

Zillow’s flipping halt marks stunning collapse in housing push
from www.hindustantimes.com

It was the startling culmination of a turbulent few weeks for america’s most famous real estate company: Zillow, the real estate website known for estimating house values, said on tuesday that it would exit the business of rapidly buying and. Months before the company quit flipping houses, stanford gsb researchers spelled out the risks of ibuying. Zillow is laying off 25 percent of its workforce, it says, in what sounds like a direct result of losing $381 million flipping homes in three months. The plan was to identify properties that are quickly appreciating and have motivated sellers willing to pay zillow’s 5% to 9% service fee; Ibuyers’ need for speed may hinder their ability to evaluate homes carefully. Why zillow’s algorithmic home buying venture imploded. And flip them at a profit. | illustration by khyati trehan.

Zillow’s flipping halt marks stunning collapse in housing push

Zillow Home Flipping Fiasco Ibuyers’ need for speed may hinder their ability to evaluate homes carefully. Months before the company quit flipping houses, stanford gsb researchers spelled out the risks of ibuying. And flip them at a profit. Zillow, the real estate website known for estimating house values, said on tuesday that it would exit the business of rapidly buying and. Ibuyers’ need for speed may hinder their ability to evaluate homes carefully. Zillow is laying off 25 percent of its workforce, it says, in what sounds like a direct result of losing $381 million flipping homes in three months. The plan was to identify properties that are quickly appreciating and have motivated sellers willing to pay zillow’s 5% to 9% service fee; | illustration by khyati trehan. Why zillow’s algorithmic home buying venture imploded. It was the startling culmination of a turbulent few weeks for america’s most famous real estate company:

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