Zillow introduces 1% down payment option to combat unaffordable housing market

Zillow is addressing the affordability crisis in the housing market by offering prospective homebuyers the option to put a 1% down payment on a house. The program, currently available in Arizona, aims to reduce the time needed for consumers to save for a down payment. While this may help some buyers, smaller down payments lead to larger monthly mortgage payments and do not solve the overall affordability issue. Zillow's expansion into real estate services and home loans comes after the company ended its home flipping business.