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A comment on Zillow seeks to sell 7k homes for $2.8B after flipping halt. Parent comment

Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by noahtallen on Tuesday November 02, 2021 @01:34PM (#29084564)
Sure, but that doesn’t mean that the average person can acquire a house for cheaper today. And that’s really the only part of the story that matters
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by trident5000 on Tuesday November 02, 2021 @01:36PM (#29084593)
Never suggested that. Just that there being buyers matched with sellers (there always are as that is a requirement of a market to exist regardless of its direction in price) doesnt mean the market is bolstered.

However, to me it makes sense that theres some softness in what Zillow tried to do because rates are likely to rise in the next year or so and most people know that. Thats going to put pressure on lending which effects housing demand. Their AI might be top notch but they probably just timed the whole market poorly.

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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt by JKCalhoun on Tuesday November 02, 2021 @03:38PM (#29086405)
Does imply the market is cooling though or Zillow would not be unloading this hot turd (ha ha, sorry).

To be sure, none of us will be buying one of their distressed properties though.

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