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Posted To: Pipeline Press

While the world is watching 0% or-.5% interest rates in Denmark , in this country Zillow is competing with lenders, real estate agents, and mom & pop fix & flippers. In its last quarter, $248.9 million of the data company’s $599.6 million in revenue came from buying and selling homes directly . The company bought 1,525 homes from April to June in 15 markets, and sold 768 homes (supposedly losing $71 million doing that) with plans to be in 26 housing markets by the middle of 2020 . The number of homes it bought is higher than the number it sold, leading to conjecture about flipping houses, buying up properties and investing in repairs and then selling them. Can humans looking for value compete with Zillow’s algorithm designed to exploit inefficiencies? Perhaps not. And Julian…(read more)

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