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Zillow Quits Home-Flipping Business, Cites Inability to Forecast Prices

January 11, 2023 RickMad Comments Off

FoxBusiness.com: Termination of ‘iBuying’ comes after company said it was halting new home purchases for rest of 2021 Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model […]

Could Zillow Buy the Neighborhood?

November 2, 2021 Alyssa Comments Off

Vox.com: Anything can be done online. Some tech companies, like Zillow and Redfin, think they can even buy and sell houses online, and are dreaming of becoming the Amazon of what has come to be […]

Zillow Stock Drops as Company Puts Homebuying on Hold

October 19, 2021 RickMad Comments Off

FoxBusiness.com: Shares fell as much as 11%. Zillow Group Inc. said Monday it is pausing home purchases through the end of the year as it works through a backlog of inventory. Shares of the Seattle-based […]

Housing Market

Watch for Signs of a Better Housing Market for Homebuyers

Syracuse.com: Today’s housing market is hostile to home buyers because not enough homes are for sale. Would-be buyers find themselves in bidding wars and competing against cash offers. Advertisements Advertisements [...]
Election News

GOP Leader McCarthy May Institute Ban On Lawmakers Trading Stocks If Republicans Retake House

MarketWatch.com: The move would be in contrast to Speaker Pelosi’s defense of congressional stock trading. House Minority Leader Kevin McCarthy is considering instituting a ban on lawmakers holding and trading [...]
Investing

Stocks Making the Biggest Moves Premarket: Lowe’s, Target, Krispy Kreme and Others

CNBC: Check out the companies making headlines before the bell: Advertisements Advertisements Lowe’s (LOW ) – The home improvement retailer reported an adjusted quarterly profit of $4.25 per share, beating the [...]
Investing

Nasdaq Nears Record After Google, Amazon Earnings

FoxBusiness: Amazon CEO Jeff Bezos will step aside later this year The Nasdaq took the lead at the start of trading Wednesday as investors weighed another batch of big tech earnings and the possibility Democrats [...]
Economy

Inside The Most Ridiculous Jobs Report In Recent History: Record 1.2 Million Immigrant Jobs Added In One Month

ZeroHedge.com: Last month we though that the January jobs report was the “most ridiculous in recent history” but, boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka [...]
Bitcoin

Bitcoin and Ethereum Eye Last Line of Defense, YFI Accelerates

CryptoNews.com: Bitcoin price is struggling to gain pace above USD 48,000.Ethereum eyes USD 3,850, XRP nears USD 0.85.OHM and YFI are up 10% and 12%, respectively. Advertisements Advertisements Bitcoin price [...]