A report from WPTV in Florida. "The large selling off of homes owned by Zillow is also happening on the Treasure Coast. As many as 20 homes in St. Lucie County are listed on the Zillow website. Earlier this week,…
A weekend topic starting with the Gunnison Times in Colorado. "Despite a valleywide housing crisis that has hit both residents and local businesses, 41% of housing units in Gunnison County are considered vacant, according to 2020 data from the U.S.…
It's Friday desk clearing time for this blogger. "In early October 2021, Zillow recorded its most active week buying homes in Phoenix. Then suddenly it stopped buying. John Wake, who has been a realtor around Phoenix since 2003, had one…
A report from Fox Business. "Zillow reached a deal to sell about 2,000 homes from its ill-fated house-flipping program. The company said it intends to sell roughly 9,800 homes it owns, plus another 8,200 it had been in the process…
A report from WPTV on Florida. "Zillow is hanging a 'for sale' sign on as many as 30 homes in Palm Beach County. Along West Lake Drive in Lake Clarke Shores is a house for sale that has an interesting…
A report from the Denver Business Journal. "Mark Vitner, senior economist at Wells Fargo & Co., said companies in the iBuying space are essentially IT companies. 'In this market, it's been very hard to collect accurate information,' Vitner said. 'We…
A report from KTNV in Nevada. "Las Vegas realtor Daniel Mahabir said Zillow was active in Las Vegas. 'They very quickly, because of their platform, became the number two largest iBuyer out here in Las Vegas,' he said, 'and then…
A report from IFR. "The speed of the turnaround is remarkable given Zillow had raised over US$1bn in the securitisation market in the last three months. 'Everyone is trying to figure out what's going on. I want to know if…
A weekend topic starting with WFTS in Florida. "The current market has made it hard to predict how much a house would sell for, which is causing Zillow to lose money. The company currently owns at least 100 homes in…
It's Friday desk clearing time for this blogger. "As of Oct. 24, Zillow had 250 homes on the market in metro Phoenix that were on average priced 6.2% below what the company had paid for them, according to Greg Hague,…