Zillow is overpaying for homes. Guess why?
“But many suggested there were other motives at play, such as a faulty algorithm for home purchasing, as other iBuyers like Opendoor continue to buy homes amid the same labor shortages and market.”
Wait? You’re telling me the Zestimate is inaccurate??
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The purchase/sale of the property is the loss leader to allow for other income streams (title, mortgage, etc).Crazy concept to apply to real estate, but it could work.