Zillow said ain’t nobody got time for flip biz

The CEO Zillow in an interview with CNBC reported that they are quitting their home buying and flipping business. That also means that they will lay off 25% of their workforce. They went into this venture with the idea in mind that they would be able to predict prices of homes 6 months down the road with a very narrow margin of error. He deemed that the Ibuying business is too…