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Zillow quits I buying says it model doesn’t work. 18k houses to sell

Zillow quits I buying says it model doesn’t work. 18k houses to sell

by | Nov 11, 2021 | Hard Money Lending, Housing Price Trends / Information, Private Lending, Property Valuation, real estate ibuyers, real estate investing, Real Estate Trends, Real estate Valuation, Realtor, Residential hard money, residential lending valuation

Real-estate firm Zillow Group Inc.  is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn’t work as planned. Zillow has about 18 thousand houses it will be looking to sell.  What does this mean for...