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34 thoughts on “Zillow dumps 7,000 homes for pennies on dollar | crash coming?”
  1. Avataaar/Circle Created with python_avatars HUFF Real Estate Group says:

    Kevin, so Zillow will file a loss on the tax side due to losses on the properties, thus lowering their overall taxes owed?

  2. Avataaar/Circle Created with python_avatars Polly Meyer says:

    Both of open door and Zillow's houses are on market for longer time than normal houses. Not sure why?

  3. Avataaar/Circle Created with python_avatars Chazmox says:

    Wow! That was exactly my speculation. That Zillow incentivized employees to close deals and they closed a bunch of bad deals and now here we are…

  4. Avataaar/Circle Created with python_avatars Richard Avila says:

    As a first time home buyer this news give me hope !

  5. Avataaar/Circle Created with python_avatars Canna-Vape Supplies says:

    I just went and looked at all the Zillow owned homes for sale in Las Vegas and damn yeah it's crazy. Some examples…purchase 10/1 for $550k and listed for sale 11/1 $499k………..purchase 9/14 $475k and listed for sale 10/20 for $440k

  6. Avataaar/Circle Created with python_avatars Kyle Hoorn says:

    People think this will hurt the RE market. When in reality Zillow is selling 7,000 homes to hedge funds and big institutions. Meaning that is 7,000 more homes you and I cannot buy.

  7. Avataaar/Circle Created with python_avatars Creative Cashflow says:

    The 1st of the month hits different when you own rental properties.

  8. Avataaar/Circle Created with python_avatars Jim Hitch says:

    Buy high and sell low. Lucy you have some explaining to do.

  9. Avataaar/Circle Created with python_avatars edmondov says:

    Fed won’t let interest rise. They will buy entire bond market

  10. Avataaar/Circle Created with python_avatars jvaldez5 says:

    Zillow is now big enough to crash any market as well as create a bubble in any market…..

  11. Avataaar/Circle Created with python_avatars jp bravo says:

    Nobody buy a home for the next 8 months let's make them bleed

  12. Avataaar/Circle Created with python_avatars william evans says:

    I hope all real estate investors get shafted.

  13. Avataaar/Circle Created with python_avatars Eric Chan says:

    I don’t know how Zillow stays in business. Have they ever produced a quarterly profit?

  14. Avataaar/Circle Created with python_avatars Dan Weston says:

    You know Kevin saw this coming a mile away.

  15. Avataaar/Circle Created with python_avatars Jeff says:

    Kevin's best interest is to keep home prices sky high. No wonder his tone seems so upset that Zillow is doing this. He doesnt want any fear in the housing market.

  16. Avataaar/Circle Created with python_avatars bobbydee30g says:

    They were moving into a competitive business model that has competition that has a headstart on them that's a fact.

  17. Avataaar/Circle Created with python_avatars SKYX - says:

    Which company do you think is better? RedFin VS EXPI World Holdings?

  18. Avataaar/Circle Created with python_avatars Roy Lappin says:

    Zillow tried to jack up the real estate market in the same way Carvana and carmax is inflating the used car market. Not the time to buy.

  19. Avataaar/Circle Created with python_avatars Jose Quinton says:

    ……….i saw weeping Zillow crying on its pillow iam soo busted i could laugh forever…….

  20. Avataaar/Circle Created with python_avatars Jeremy says:

    The biggest takeaway here is why are we competing with Zillow and institutions for homes ?

  21. Avataaar/Circle Created with python_avatars Dripinator SwagAsian says:

    A 40% increase in personnel would be 4/14 people are brand new, not 4/10 people btw, small correction

  22. Avataaar/Circle Created with python_avatars OWild1Child says:

    It’s all by design. World Economic Forum: you will own nothing and will be happy.

  23. Avataaar/Circle Created with python_avatars A C says:

    Is anyone else getting scared of how quickly prices are going up at the grocery store… ? A housing crash and skyrocketing inflation, is this our new reality?!

  24. Avataaar/Circle Created with python_avatars D Walker says:

    that sounds like a very bearish call by Zillow.

  25. Avataaar/Circle Created with python_avatars Orange Rightgold says:

    pennies on dollar huh? well certainly not in my area.

  26. Avataaar/Circle Created with python_avatars Luck says:

    I hope the entire thing comes crashing and burning down, enough is enough.

  27. Avataaar/Circle Created with python_avatars Rath YHWH says:

    Elon coin good price to buy
    Soon to br listed on Binance and coinbase
    Kucoin is allready selling bilions

  28. Avataaar/Circle Created with python_avatars KEA says:

    I Zesstimate Zillow will LOSE approximately 700 million dollars by this move.
    Ouch! Ouch! Ouch!!!!! Help

  29. Avataaar/Circle Created with python_avatars Jay M says:

    It's not a problem. Zillow can file Bankruptcy and the tab will be picked up by FED and then distributed equally to citizens.

  30. Avataaar/Circle Created with python_avatars stopato says:

    Would the rising stock market have anything to do with investors pulling money out of real estate?

  31. Avataaar/Circle Created with python_avatars Matt says:

    Jesus the market crashes every day for this guy.

  32. Avataaar/Circle Created with python_avatars FadedPolo says:

    Wait so instead Of having something more sinister going on your explanation is, a company that can hire people from all across the world isn’t smart enough to flip houses or smart enough to hire someone that can. lol okay Kevin. Okay

  33. Avataaar/Circle Created with python_avatars Ty Gorton says:

    Sounds like Zillow did the exact job they were meant to do; fits perfectly with where the central planners want to take the country. Zoom out further, this isn't about Zillow, it's about the larger agenda Zillow is serving.

  34. Avataaar/Circle Created with python_avatars Kaleb Billig says:

    The market isn’t coming down that easy – they’ve been planning to stretch this crisis out over the next 40 years while actually making the big investors a bunch of money both with stimulus on the front end and new maturation dates on the back end (federally backed refi at 30 and 40 years is in full swing)

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