Zillow Is Selling Homes In Hot Markets What Does This Mean?

Photo by Ian MacDonald on Unsplash

Zillow is planning to sell roughly 18,000 homes it already owns or is under contract to purchase. Zillow owns all these homes through their home flipping business. In a letter to shareholders Zillow is estimating they are going to lose 5–7% ventured revenue.

Experts say that the downfalls for Zillow and quick turn around selling homes was their own algorithm…