You are here

New-wave home flippers halt purchases with market in turmoil

[SEATTLE] Companies that specialize in a new spin on flipping homes are struggling as the coronavirus outbreak batters real estate.

A handful of companies, including Zillow Group Inc and SoftBank-backed Opendoor, have leveraged big data and mountains of debt to buy and sell houses on a...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes