Zillow to stop flipping homes, loses more than $550M, lays off 25% of staff

Re:Zillow to stop flipping homes, loses more than $550M, lay... by Eiriksmal on Tuesday November 02, 2021 @07:19PM (#29088854)

I don't know the exact percentage of properties not in Zillow but in the MLS, but it is a very small amount. Zillow changed the game when it came to us non-Realtors(R) having access to housing price data. So much so, that some housing economist types have noted what appear to be permanent changes in months of active inventory (eg https://www.piggington.com, who analyzes San Diego's market)

I don't think it's hyperbole to say Zillow has more data on residential real estate than any other company in the US.

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by matmatmatmat on Tuesday November 02, 2021 @08:22PM (#29089480)

About that last point, Redfin has access to the regional MLSs. I imagine they have a more complete dataset.

My understanding is that Zillow relies on realtors to add their listings, so that means, maybe-it-happens, maybe-it-doesn't, entry errors, maybe-it's-updated, maybe-it's not...

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Re:Zillow to stop flipping homes, loses more than $550M, lay... by jeffbee on Tuesday November 02, 2021 @09:19PM (#29089971)

Redfin also seems to have dramatically better pricing models, a better presentation, and an altogether better product.

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