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