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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 djrogers on Sunday October 31, 2021 @04:56PM (#29060336)
> real estate companies like Zillow immediately buying up everything on the market is a primary contributor

I’m not at all sure that Zillow buying a few hundred homes out of the many thousands of listings was a primary contributor.

Phoenix has historically had huge booms when people start to leave California, and many other markets without any Zillow purchases at all are experiencing huge growth.

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Re:Zillow has listed 93% of the hundreds of Phoenix homes it... by dralley on Tuesday November 02, 2021 @10:27AM (#29081767)
>I’m not at all sure that Zillow buying a few hundred homes out of the many thousands of listings was a primary contributor.

Zillow is currently looking to offload seven thousand homes in my area, not a few hundred.

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