Housing Bubble 2.0 - Zillow Scraps I-Buying Biz - 7k Homes for Sale - Massive Losses - 25 % Lay Off

Zillow Scraps I-Buying Biz.7K Homes For Sale. Massive Losses. 25% of Work Force Laid Off. So do we call Zillow's I-Buying Business a success ? Did their own algorithm doom their I-Buying Business ? Is this a precursor of more I-Buyer issues? Many other I-Buyers are operating at a loss in order to gain market share and they need the Housing Market to continue to increase by double digits in order to be profitable.

This channel discusses recent articles, data and information about the Housing Bubble, Housing Crash, Home Prices, Forbearance, Foreclosures and Short Sales.

Additionally there is a focus on Mortgage Delinquencies, Mortgage Rates, Real Estate Investing, and the current situation associated with the Eviction and Foreclosure Sale Moratorium.​

Today is October 3rd 2021 and Randy will discuss the following topics:

Zillow Scarps I-Buying Business
7000 Homes for Sale
25 % of Work Force Laid Off

Links:

https://www.zerohedge.com/markets/zillow-fires-25-workforce-scraps-robo-flipping-program-after-huge-loss

https://www.zerohedge.com/markets/zillow-scrambles-punt-7000-homes-28-billion-ai-flipping-scheme-ends-disaster

https://fortune.com/2021/11/02/zillow-home-flipping-ibuyer-closes-layoffs-home-prices/

Need to See Foreclosure Data ? I have entered into a partnership with the leading provider of distressed property data, Foreclosure.com.

For a Free Trial click on the link below:

Check Out this Link: https://www.foreclosure.com?rsp=3325​...

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Housing Bubble 2.0
@HousingBubble2

I will conduct live Q&A sessions and other Real Estate related discussions.

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Connect with me to find out more about how I can help you in Real Estate.

I offer:

Primary Home Buying in the Greater Tampa Bay Area
Investment Properties & Turn Key Real Estate Investment Program
Off-Market and REO Properties
Real Estate Education Products & Services
Market Research & Consulting
Multi-Family & Other Commercial Assets

I can be reached at:

Randy Patrick
Licensed Real Estate Broker
WestBay Real Estate, Inc.
813-833-2045
randy@luxuryshortsales.com

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The free report for the Top 10 Reasons Why We Will Have Another Housing Crash and Housing Crisis can be downloaded at:

www.HousingBubble2.com

If you have any questions, or wish to discuss Housing or Real Estate Investment, You can reach me directly at: randy@luxuryshortsales.com

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I am not an attorney, financial planner, CPA or tax advisor. This channel merely provides opinion, commentary and summarizes data and information that is readily available to the general public regarding the Housing Market. I advise you to seek tax / legal / professional counsel and for everyone to do their own due diligence prior to making any significant decisions or purchases regarding real estate or other investment matters.