Zillow Is Ending Its Homebuying Business. The Stock Is Plunging.

3 years ago 291

This transcript is for your personal, non-commercial usage only. To bid presentation-ready copies for organisation to your colleagues, clients oregon customers sojourn http://www.djreprints.com.

https://www.barrons.com/articles/zillow-stock-price-earnings-homes-sale-buy-ibuying-business-51635885709

Updated Nov. 2, 2021 6:33 p.m. ET / Original Nov. 2, 2021 4:42 p.m. ET

Order Reprints
Print Article

Zillow Group said Tuesday it would unopen down its homebuying and selling business, citing the company’s inability to accurately foretell location prices.

“We’ve determined the unpredictability successful forecasting location prices acold exceeds what we anticipated and continuing to standard Zillow Offers would effect successful excessively overmuch net and balance-sheet volatility,” Zillow CEO Rich Barton said.

Zillow...

Read Entire Article