Could Zillow Manipulate the Housing Market with New Buyer’s Program?

Who is Zillow? Zillow is a real estate database company that was founded in 2006 in Seattle, WA. The real estate company has since then expanded into a vast sellers market in selling homes all across the country. In 2018, Zillow has easily become one of the biggest powerhouses in the real estate world. On Thursday, April 12th 2018, Zillow announced that they will now begin buying houses in such cities as; Phoenix and in Las Vegas. The new flipping housing program that was announced, will now put them in competition of a buyer’s and seller’s market. The company now receives over 50 million organic users in internet traffic. Due to this change of Zillow now becoming investors in the housing market, one often wonders if this could potentially hurt or manipulate the market in the long run?

 

 

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