Home / Daily Dose / From Home Listings to Home Flipping
Print This Post Print This Post

From Home Listings to Home Flipping

Zillow made its name as an online real estate database, helping homebuyers shop for houses whether they were right down the street or on the other side of the country. Recently, however, Zillow announced it had plans to branch out beyond that core business model, announcing plans to buy, refurbish, and resell homes on its own. The news stirred much discussion in the industry, and this week Zillow Group CEO Spencer Rascoff put in an appearance on Jim Cramer's Mad Money on CNBC, where he discussed Zillow's home-flipping plans and explained why the shift is like Netflix's move into producing original content. Watch the whole segment below.

About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has nearly 20 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. He can be reached at [email protected].
x

Check Also

Federal Reserve Holds Rates Steady Moving Into the New Year

The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.