Tag: zillow

LA Wants To Ban iBuyers, Private Equity Firms From Profiting off Housing

Photo credit: Getty Images Amid a rapid arms race among high-tech corporations and private equity firms to buy up property and profit off a red-hot housing market, the Los Angeles City Council has voted to explore ways to ban such companies from purchasing single-family homes.  The council agreed on Friday to instruct the city legislative analyst […]

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Zillow Sells Thousands of Homes to Controversial Rental Powerhouse

Photographer: Tiffany Hagler-Geard/Bloomberg via Getty Images One week after deciding to get out of the iBuyer home-buying business, Zillow has agreed to sell 2,000 of its homes to the second-largest single-family landlord in the country, a controversial and growing powerhouse that has faced allegations it evicted tenants during the national eviction moratorium and didn’t properly […]

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Zillow Accidentally Bought Way Too Many Homes After A Technical Hiccup And Is Desperate To Sell Them

Zillow, the sometimes parodied online real estate service, has run into a big of a snag: According to Bloomberg, the company accidentally bought way too many homes and is now looking to sell them. How many homes? About 7,000. It’s the result of bad timing and a technical hiccup caused. After the company tweaked their […]

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Beyoncé and Jay-Z’s Probably Haunted, Definitely Cursed Louisiana Mansion Is for Sale

Fun fact about La Casa de Castille, which the Carters reportedly purchased in 2015 and has “has seven bedrooms, eight bathrooms, high ceilings, a main residence with three 1,000 square-foot apartments, ‘all kinds of nooks and crannies to hide with a book’ and a rooftop garden,” according to online outlet Chron.com: A fire that broke […]

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‘Price-Distorting’ iBuyers Like Zillow Hurt U.S. Homeowners, Rivals Say

(Photo credit: Getty Images)  High-tech “iBuyers” like Opendoor and Zillow have burst onto the housing scene in hot U.S. markets with a seductive promise: For a fee, they will buy your home for cash, let you pick your move-out date, and help you avoid the irritating process of showing your home.  The iBuyers are, naturally, attempting […]

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The Economy Is Back. Welcome to the Casino

Now that the pandemic relief jobless benefits have expired for millions of Americans and the eviction moratorium was ended by the Supreme Court, we are finally beginning to return to a normal economy. That is to say, one featuring hunger, homelessness, and an increasingly larger dose of gambling. At the beginning of the year, we […]

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