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Day: November 3, 2021

November 3rd – Fire Sale

By Adam DeermountIn Basis PointsPosted November 3, 2021

What I'm Reading Fire Sale?  Zillow is looking to unload 7,000 homes for $2.8 billion after royally screwing up their iBuying strategy and substantially overpaying for acquisitions.  They are listing the homes at a loss.  The news came after Zillow announced that they would be taking a pause from buying...

Tags: Bonds, Housing, iBuyers, Mortgage, Rent, Short Term Rentals, Warehouse, WTF, Zillow
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