Wonder why there has been such a short supply of housing and it’s been getting more and more expensive? You can blame part of this on large corporate speculators, such as Zillow. The company discovered belatedly that home prices don’t go up forever and, as a result, will lose $550 million and 25% of its staff from its foray into house flipping. Read more below:

Source: Zillow to stop flipping homes for good as it stands to lose more than $550 million, will lay off a quarter of staff – MarketWatch