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Month: November 2021

iBuying Homes and the Market for Lemons

November 15, 2021

Zillow’s decision to shut down its iBuying division made waves in the online home-buying market. Most notably, Zillow lost over $500 million in the process, and as it winds down its division is selling thousands of houses at a loss. Why did this happen? After all, Zillow has a wealth of data on the entire … More iBuying Homes and the Market for Lemons

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