What does the failure of Zillow’s flipping business mean for other ibuyers?

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Zillow announced this week that it’s winding down its house-flipping business. As an ibuyer, Zillow’s real estate technology made instant offers on houses, then the company fixed them up and resold them. But Zillow underestimated the rapid rise in home prices and failed to anticipate that those gains would moderate — resulting in a $400 million loss last quarter and offering a cautionary tale to other ibuying companies. Also on the show today: California’s farmers get supply chain headaches, the complicated relationship a young woman has with her family’s wealth and why some in the U.K. are camping out in churches.

What do you think?


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