Zillow Offers

Zillow Offers stands as the most spectacular iBuying flameout, losing $881 million in a single quarter. Its algorithm-driven house-flipping model failed because even vast data cannot reliably predict home prices, a fatal flaw that resulted in inventory losses far exceeding the average real estate investor's worst year. Compared to Bolt Financial, which lost mostly investor trust, Zillow Offers burned actual cash at a rate 20 times faster than typical iBuying rivals like Opendoor during the same period.