The Housing Market Is so Red-Hot It Broke Zillow's Algorithm
Volatility in the housing market "far exceeds what we anticipated" and makes algorithmic home flipping too risky, Zillow CEO Rich Barton said.
Source: businessinsider.com
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Zillow to lay off 25% of its workforce and shutter house-flipping service
CEO concedes that forecasting housing prices is much harder than the real estate firm expected.
Source: cbsnews.com