According to multiple reports, Zillow's computer-based automated house flipping business has hit a snag. The system that identifies homes to purchase and flip is apparently working beyond its capacity and his been temporarily paused.
Reports indicate that this may be related to the time it takes to refurbish homes and get them back on the market. Bloomberg reports that Zillow purchased 1856 homes in Q1 2021, and 3805 in Q2, 2021. That marks a monumental task of preparing homes to return to the market for a reported profit of roughly 6%.