Zillow Shuts Down Its Fix and Flip Business
Update: 2021-11-03
Description
Real estate search site Zillow announced today that they are shutting down their iBuying business effective immediately, laying off 25% of their workforce and selling 7,000 homes in their inventory to institutional investors. We look at the implications of their announcement and how it may impact the Charlotte real estate market
From Bloomberg "Zillow shuts down home flipping business after racing up losses"
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