Saw an ad for a Zillow owned house.
The house was purchased by Zillow on July 21 for 1,027,700.
It was then put on sale on August 11 for 1,056,900. The price cuts were pretty prompt and the house is now at being sold at 1,039,900.
Maybe this is a trend of declining home prices based on over spending by corporations. My question is how long can Zillow survive with this business model? Also are Zillow zestimates a conflict of interest? It seems like they jacked up their zestimate even though the house has been sitting for a while.