Zillow is selling 7000 homes into a market that moves 800,000 homes annually, and (apparently) for a loss to Zillow. Zillow has approx $6B in total assets, and

Zillow is selling 7000 homes into a market that moves 800,000 homes annually, and (apparently) for a loss to Zillow. Zillow has approx $6B in total assets, and this anchor is big enough to tank them if they screw it up enough. This is not some secret cabal of market manipulators - it's a company trying to leverage their knowledge of the housing market into an investment, and they did not do well.