Why Is Zillow Pumping the Brakes on House Flipping?

Home prices are so high even Zillow (NASDAQ: Z) (NASDAQ: ZG) is throwing in the towel.

Zillow just announced it will cease buying homes through its Zillow Offers business, which operates as an iBuyer, or instant buyer. In the second quarter, Zillow bought 3,800 homes and just announced it will not buy any more for the rest of the year. Zillow will honor its commitment, however, to buy all the homes currently under contract.

Join your host Sean Reynolds, owner of Summit Properties NW, and Reynolds & Kline Appraisal as he takes a look at this developing topic.

https://www.millionacres.com/real-estate-investing/articles/why-is-zillow-pumping-the-brakes-on-house-flipping/

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