How Wall Street is using iBuyers like Zillow to eat up starter homes
How Wall Street is using iBuyers like Zillow to eat up starter homes
By Noah Buhayar, Patrick Clark and Jordyn Holman | Bloomberg
Zillow Group spent last year aggressively expanding a home-flipping operation designed to make the $2 trillion U.S. real estate market better for consumers until a bad bet on home prices pushed the company to pull the plug.
As it shuts down the operation, Zillow’s efforts to sell off its inventory of thousands of homes have highlighted…