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Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff. – The New York Times

Zillow, facing big losses, quits flipping houses and will lay off a quarter of its staff.  The New York Times‘IBuyers’ are selling Arizona homes for a loss. But why?  12 NewsZillow says it’s closing homebuying business, cutting 25% of workforce; earnings miss estimates  CNBCZillow reportedly needs to sell 7,000 houses after it bought too many  The VergeZillow Quits Home-Flipping Business, Cites Inability to Forecast Prices  The Wall Street Journal

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