In early November, Zillow unexpectedly pulled the plug on its iBuyer business. What happened? On today’s podcast with Kimberlee Meserve, we explore several possible reasons behind Zillow Offers shutting down. Is Zillow predicting a housing market crash, or was their aggressive home-buying strategy simply unsustainable? Find out on today’s State of the Market! We also cover Boston’s unique housing market, what other iBuyers are doing right now, and more.
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Listen to This Podcast and Learn:
- Why iBuyers stayed out of Boston [1:25]
- Tiny house in Boston listed for $449,000 [4:20]
- ADUs and other alternative living arrangements [7:16]
- Zillow sued over unexpected exit from iBuying scene [15:30]
- Does Zillow know something we don’t? [22:51]
- Is the Zillow algorithm fatally flawed? [26:54]
- Opportunities institutional investors see in real estate [28:20]
- Why foreign real estate purchases are expected to increase [30:15]
- How the Boston market has shifted since spring [38:33]
- Boston hotel bought by lab developer [40:36]
- iBuyer Opendoor continues to buy homes at a rapid rate [42:16]
- Where to connect with Kimberlee Meserve [45:19]
About The Author
Aaron Amuchastegui
Aaron has experienced some of life’s lowest lows and highest highs. In the past 10 years, Aaron has started several companies and led them to success. He’s also bought and sold more than 700 homes nationwide. As Aaron says, he’s gone from “being broke to being blessed.” On the Real Estate Rockstars Podcast, he’s hoping to drive others to succeed by sharing guests’ inspiring stories.