Zillow just SOLD 2,000 Houses and I can't Count that high, Yikes!

[Account Closed]

If you are trying to dump 18,000 houses, I guess you start with 2,000 going to a New York City-based investment firm called Pretium Partners. "In the transaction with Pretium, Zillow received market price for the properties, these people said." 

I doubt that. They exchanged tax writeoffs or other consideration in the deal. Not all is what it seems. Anyway, it appears they have somewhere around 18,000 houses to unload. 

And you wondered why there was a shortage of inventory? Zillow sucked it up like a kid with a silly straw.

"The digital real-estate company said it intends to sell roughly 9,800 homes it owns, plus another 8,200 it had been in the process of buying. The company expects to lose between 5% and 7% on these sales. In the transaction with Pretium, Zillow received market price for the properties, these people said."