So what happened to all those Zillow houses they bought?

Google
L7 SWE

Go to company page Google

L7 SWE
Feb 16 3 Comments

I was looking at how crazy the housing market is, and remember Zillow being part of the problem as they were buying up houses like no tomorrow. They then had to stop abruptly, presumably because they realized they were overpaying. But were they? Prices are still going up, so are they just sitting on a bunch of appreciated assets now? Or did they already fire sale them to investors?

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TOP 3 Comments
  • Meta
    joyredpkh

    Go to company page Meta

    joyredpkh
    They never had that big of an impact, they were just a convenient scapegoat because people don’t like tech companies. I assume they sold them all at a loss or marginal profit
    Feb 16 0
  • Yelp
    btfdd

    Go to company page Yelp

    btfdd
    They sold 95% of their inventory to institutional investors at little to no loss.
    Feb 16 0
  • New
    deepl3arn

    New

    deepl3arn
    Where do you get your news? TikTok?
    Feb 17 0