5 ms·
Agreed. One thing this article doesn't point out that was a bigger topic a couple of weeks prior is that Zillow had to halt purchases due to lack of workers to
by gregman 5y ago
Agreed. One thing this article doesn't point out that was a bigger topic a couple of weeks prior is that Zillow had to halt purchases due to lack of workers to help flip the homes [1]. The iBuying revenue model depends on the ability to flip a home quickly so that market fluctuations do not have enough time to pose as a risk, which Zillow was willing to take.
1 - https://archive.md/tNaDt https://archive.md/tNaDt