It looks so easy! Buy a house, make a few cosmetic fixes, put it back on the market, and make a huge profit. At any given time, a half-dozen shows on television feature good-looking, well-dressed investors who make the process look fast, fun, and profitable. And plenty of homes are getting flipped. Flipped homes accounted […]
(Bloomberg) — Zillow Group Inc. is pulling the plug on its tech-powered home-flipping operation after deciding that its pricing algorithms weren’t accurate enough to build a stable business. The company plans to take writedowns of as much as $569 million and reduce its workforce by 25% as it winds down the business in coming months, […]