Zillow's Home Flipping Business Made No Sense

What this episode covers

Send us a textZillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce.The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings missed analysts’ estimates.“We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated,” Zillow CEO Rich Barton said in the release. “Continuing to scale Zillow Offers would res...

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Frequently Asked Questions

How long is this episode of Patrick Boyle On Finance?

This episode is 10 minutes long.

When was this Patrick Boyle On Finance episode published?

This episode was published on November 6, 2021.

What is this episode about?

Send us a textZillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce.The announcement was attached to Zillow’s third-quarter earnings report....

Can I download this Patrick Boyle On Finance episode?

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