A report from the Wall Street Journal. "During the fourth quarter, Zillow lost an average of about $25,000 on every home it sold, before interest expense. On Feb. 10, Zillow Group said it lost $881 million on its algorithmic-driven home-flipping…
A report from the Indianapolis Star. "IndyStar sat down with Jim Litten, who has 50 years of real estate experience. 'We’re seeing tremendous price escalation. Prices last year went up about 16% in our market. I don’t see that moderating…
A report from Yahoo Finance. "DLB Financial Services CEO Debbie Boyd joins Yahoo Finance. 'I'm a mortgage broker by trade. So I do believe the Fed is going to raise rates. We've already seen almost a point raise since the…
A weekend topic starting with Reuters. "The great unwinding of bloated central bank balance sheets could start as soon as next week. While investors have been in thrall to the U.S. Federal Reserve's hawkish anti-inflation twist in 2022, the Bank…
A report from the Northside Sun in Mississippi. "'People are paying so much more for houses than they did a year and half to two years ago,' said William Fincher, a Realtor in Madison County. 'They are paying $40,000 to…
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
A report from the Colorado Sun. "The collapse of Zillow Offers can be traced, in one small part, to its over eagerness to invest in Colorado’s red-hot real estate market. The company bought hundreds of homes in the Front Range…
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…
A weekend topic starting with the Review Journal in Nevada. "After a prolonged hot streak in the housing market, at least one flipper is maxed out. Zillow announced it will not sign any new contracts to buy homes 'through the…