Bubble watch: Is Zillow’s home-flipping fiasco a warning?
Bubble watch: Is Zillow’s home-flipping fiasco a warning?
“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: What in the world was Zillow thinking?
Source: News that the real estate data geeks turned house traders famously failed at flipping.
The Trend
The company says it’s stuck with roughly 7,000 homes it must sell below cost — a loss that might total a half-billion bucks.
So Zillow will quit the…
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