Zillow's online house-flipping unit has turned into an embarrassing flop, forcing the real estate company to exit the business and dump thousands of its own properties on local real estate markets.

It's not the home value apocalypse, but the housing market in Phoenix may be coming back to earth.

Zillow Group Inc. reached a deal to sell about 2,000 homes from its ill-fated house-flipping program, the company’s biggest bulk sale as it starts unloading thousands of homes and terminates the ...