Zillow’s zeal to outbid for homes backfires in flipping fumble

Zillow’s zeal to outbid for homes backfires in flipping fumble

3 years ago
Anonymous $np3LcwuhSi

https://www.siliconvalley.com/2021/10/26/zillows-zeal-to-outbid-for-homes-backfires-in-flipping-fumble/

By Patrick Clark and Noah Buhayar | Bloomberg

Faced with the fastest-rising real estate prices in U.S. history, Zillow Group tweaked the algorithms that power its home-flipping operation to make higher offers.