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A comment on Zillow to stop flipping homes, loses more than $550M, lays off 25% of staff. Parent comment

Re:Zillow to stop flipping homes, loses more than $550M, lay... by toomuchtodo on Tuesday November 02, 2021 @06:25PM (#29088312)
Right. This is Zillow getting out before the Fed tapers, interest rates go up, and real estate sales and values go down.
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Re:Zillow to stop flipping homes, loses more than $550M, lay... by datavirtue on Tuesday November 02, 2021 @06:52PM (#29088598)
Zillow paid too much. Tapering isn't going to have a material effect on new mortgages or home sales.
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Re:Zillow to stop flipping homes, loses more than $550M, lay... by toomuchtodo on Tuesday November 02, 2021 @07:15PM (#29088818)
Yes, they did, but they could’ve still come out ahead if monetary policy wasn’t about to significantly shift and the carrying costs were reasonable.

Rising interest rates is absolutely going to have an impact on home values and mortgage rates. What it does to home transaction velocity is yet to be seen.

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by onlyrealcuzzo on Tuesday November 02, 2021 @06:56PM (#29088635)
Do you think lower interest rates had no effect on prices? Or do you think it did - but that raising rates for some reason won't have an effect?
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