Zillow Offers Expansion Makes the Real Estate Company Extra Risky
The massive housing boom that led up to the financial markets collapse was a game of musical chairs where buyers and sellers sought to not be the last person holding onto a property when the music finally stopped.
While the current real estate market doesn't seem to be in the same kind of bubble it was before the Great Recession, Zillow (NASDAQ: Z) is significantly magnifying its risk by expanding its Zillow Offers program. If another decline does hit housing, the real estate information technology company will be the one left standing without a chair to sit on.
Image source: Getty Images.
Source Fool.com
