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Cathie Wood says Zillow's decision to shut iBuying unit could be a warning signal for housing market

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New for subscribers: Cathie Wood says Zillow's decision to shut iBuying unit could be a warning signal for housing market. Check out CNBCPro today.

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct.

18, 2021.Closely followed innovation investor Cathie Wood is interpreting the shuttering of Zillow's home-flipping business as a cautionary signal on the overall housing market.

 

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