Honey, I Sold the House to Zillow
Why are tech companies flipping houses?
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Between April and June of this year, Zillow bought nearly 4,000 homes. And they had no intention of holding onto them. The plan was to flip houses, often and at scale, joining the ranks of companies like Opendoor and Offerpad, also known as iBuyers.
So, why did Zillow put their plans on pause last weekend? Can online middlemen really change the way we buy and sell houses?
Tony Santos, homeowner
Patrick Clark, reporter at Bloomberg