HMM: Zillow seeks to sell 7,000 homes for $2.8 billion after flipping halt.

The company is seeking roughly $2.8 billion for the houses, which are being pitched to institutional investors, according to people familiar with the matter.

Zillow is likely to sell the houses to a multitude of buyers rather than packaging them in a single transaction, said the people, who asked not to be named because the matter is private.

The move to offload a block of homes comes as Zillow seeks to recover from an operational stumble that saw it buy too many houses, with many now being listed for less than it paid. The company typically offers smaller numbers of homes to single-family landlords, but the current sales effort is much larger than normal.

But: Dallas-based rental home giant Invitation Homes raised prices 11% during the quarter.

Looks like we still have some ways to go before this bubble pops.