Aykl Riverdale s Sam Witwer on That Infamous Scene: I Read the Script and Laughed
it would be shuttering Zillow Offers, its iBuying division. In a dire earnings report, the company announced that it stood to lose hundreds of millions of dollars as a result of the divisions collapse and would be forced to lay off a quarter of its total workforce A majority of the layoffs will be related to Offers, according to the company . It was an unceremonious end to what had been a powerful force in the housing industry over the past few years. Indeed, prior to its downfall, Zillow was the 2nd largest iBuyer on the market and had been on a voracious house-buying [url=https://www.cup-stanley.us]stanley cup[/url] binge for months. Unsurprisingly, the average person with marginal knowledge of the real estate industry was probably left wondering: just what is iBuying and why is it worth hundreds of millions of dollars What is iBuying The basic idea behind iBuying is pretty simple: Companies deploy algorithms and other automated technology to swiftly assess and procure houses and then flip them for a profit. The ben [url=https://www.stanleymugs.us]stanley website[/url] efit for house sellers is, according to iBuyer PR, a simplified, expedited selling process. The benefit for the iBuyer, meanwhile, is hopefully a shitload of money. Companies like Zillow use something called an AVM, short for automated valuation models. Just as they sound, these are algorithms used to he |