The Market Impact of the Closure of Zillow Offers
Little impact on demand and prices, No impact on overall Supply
Many people are discussing the Zillow’s business decision to discontinue Zillow Offers. This was a essentially a house flipping program. My question is what - if any - will be the market impact of the closure.
There are several other players in this segment - all with slightly different models - such as publicly traded companies OpenDoor, Redfin Now an…