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A comment on Zillow has listed 93% of the hundreds of Phoenix homes it owns at a loss. Parent comment

Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by Permit on Sunday October 31, 2021 @04:55PM (#29060330)
> Housing prices in my area have inflated 25% in the past year - one year - and real estate companies like Zillow immediately buying up everything on the market is a primary contributor.

Did anything else notable happen in the last year that could have contributed? What city is this?

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