Zillow Offers and BP crowd

[Erik Perotti]

Hi - 

Just saw an interesting article, the punch line is that Zillow is making half its revenue from cash offers. See the story here

Digging in here, the markets are: Phoenix, Las Vegas, Atlanta; Denver; Charlotte, South Carolina; Dallas; Raleigh, North Carolina; Houston and Riverside, California. 

Anyone profiting from this? Or losing as a result? I'd love to understand if there's a win here for the individual investor. These are not markets that have already caught my eye.

[Pamela Sandberg]

Zillow (and Offerpad, and Opendoor, and the other iBuyers) have taken a big bite out the apple here in the Phoenix market. To my surprise, individual investors are still going about their business relatively unaffected. There seems to be plenty of room in the sandbox for everyone to play. Maybe that's just because Phoenix, specifically, is such a massive market. (I can't speak to the other geo areas.) Just what I've noticed here.