Zillow's exit from the home-buying business earns a wave of downgrades from surprised analysts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

New for subscribers: Zillow's exit from the home-buying business earns a wave of downgrades from surprised analysts. Check out CNBCPro today.

The Zillow app on a mobile phone arranged in Dobbs Ferry, New York, U.S., on Saturday, May 1, 2021.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zillow shuts down homebuying business, laying off 25% of workforceInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. This is bullish Zillow正在关闭其购房业务,并解雇25%的员工 Ok
Source: BusinessInsider - 🏆 729. / 51 Read more »

Zillow Ending Home-Flipping Business, Will Lay Off 25% Of StaffZillow Group says it will stop buying and selling homes, citing the unpredictability of forecasting housing prices. you can blame hgtv for your abject FAILURE IN THE FLIPPING BIZ zillow HGTV showed us you always make $ flipping and total renos only take 30 - 60 minutes I think they were lying to us 🤣 good Their TV ads are so obnoxious!
Source: HuffPostWomen - 🏆 27. / 68 Read more »

Zillow is offloading 7,000 homes — raising 'red flags' about the real-estate marketZillow’s unexpected announcement in October that it was temporarily pausing its home-buying activities raised many analysts’ eyebrows. Now, the company is reportedly offloading thousands of homes at a discount. Zillow is selling homes at a discount to institutional investors so that the homes become rental properties. How awesome would it be if Z were selling homes to first time home buyers currently locked out of the market because companies like Zillow were overpaying for inventory?
Source: MarketWatch - 🏆 3. / 97 Read more »