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,…
A report from Fast Company. "When Zillow announced Tuesday that it was shutting down its algorithm-fueled home-flipping operation, few in Phoenix were likely surprised. Phoenix area real estate agent Greg Corbett had a hunch that the companies’ computer-assisted buying activity…
A report from 12 News in Arizona. "'The market started to cool and Zillow missed the off-ramp,' said Mike DelPrete, a real estate analyst. iBuyers are responsible for around 10 percent of all listings in the Phoneix market. One of…
A report from Market Watch. "KeyBanc analyst Edward Yruma completed an analysis of 650 homes in Zillow’s inventory, or about one-fifth of the homes owned, and found that 66% are currently listed below the purchase price at an average discount…
A report from the Phoenix Business Journal in Arizona. "A former Coolidge real estate agent faces decades in prison after being convicted this month in a scheme that emptied a family friend’s savings of $185,000 amid promises to help the…
A report from the Aspen Times in Colorado. "I met a colleague of mine at an Aspen coffee shop earlier this week. We talked about the recent shift from the non-stop activity for the second summer in a row, to…
A weekend topic starting with the Columbus Dispatch in Ohio. "The people behind the Issue 7 green-energy initiative on Tuesday's ballot have remained largely secretive. Two of their leaders have been mired in major personal financial problems that have dogged…
It's Friday desk clearing time for this blogger. "The streets aren’t being easy on Zillow, which is reportedly losing money on homes it bought to flip, but are instead proving flops. The winners of the real estate fumble include seller…
A report from Gizmodo. "Zillow has been hemorrhaging cash in the home-buying arms race in certain markets. Bloomberg wrote: 'Zillow put a record number of homes on the market in September. It also cut prices on nearly half of its…