How Zillow's Home-Flipping Business Angered Construction Companies
While Zillow was getting more aggressive with its home purchases, it was also cutting spending on repairs and renovations. That plan backfired.
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While Zillow was getting more aggressive with its home purchases, it was also cutting spending on repairs and renovations. That plan backfired.
The collapse of Zillow's home-flipping arm scarred the reputation of the C-suite veteran. But execs who know him say he'll rally like he always does.
Recent problems have highlighted how iBuying isn't profitable for Zillow. But the unit's growth may hang on the business.
Insider's analysis of 224 Zillow-owned homes for sale in Phoenix points to challenges for the real-estate giant, one of the country's biggest iBuyers.
The losses could point to larger issues for Zillow, one of the country's biggest iBuyers. A moneymaker the property giant was banking on is in peril.