There's others still doing it like OpenDoor and Knock. Zillow just thought they'd swing in and take a piece of the pie without doing their homework first.
I was fascinated by Zillow buying up houses. They were paying well over market value, but then again these days and times people offering up to 15% over asking price are being out bid.
A huge number of large corps. are buying up swaths of residential property as rentals. I wondered if Zillow was going to do this or if it was some sort of market manipulation. Seeing that Zillow is giving it up is really odd. Still makes me think their pulling some kind of ****, maybe they owe some taxes and want to balance books by increasing the value of taxable write offs?