Is Zillow About to Crash the Housing Market?

Massive Agent Podcast

It's surprising how much absurdity has come from social media about Zillow's big announcement last week. Sad to say, much of the ridiculousness is coming from inside our own industry.
Today, Massive Agent Podcast Host Dustin Brohm recaps, some of the theories arising from Zillow's exit from the iBuyer business. He reminds us, as real estate professionals it's imperative that we take this rare opportunity to educate our clients about the benefits of working with a local expert, and not spread rumors about unlikely catastrophes.
Dustin suggests we ask ourselves some thought provoking questions like, "How well do we understand the economics of our industry?" and, "Why are we spreading fear about Zillow crashing the housing market?" He also dives into a bit of mindset talk as we consider Zillow's willingness to take a risk and invest in their business. Are we willing to do the same?
It's easy to judge the person (or company) that took a big risk and failed. Instead of spewing negativity all over social media, perhaps we should glean some lessons from their mistakes, respect their effort and use that knowledge to grow ourselves and our business.
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