How Zillow Lost Money Using Their Own Estimates
Some of you may have heard the recent news about Zillow. They had been buying homes across the country and, according to one source, losing around $80,000 per house in the process. Recently, they announced that they would be giving up on the whole idea and fired around 25% of their staff. You may be wondering why this happened, but the reason they failed has to do with their own Zestimate. To hear more, watch my latest video.