Zillow Group stock falls 10% after company says it will stop buying additional homes this year
GeekWire
OCTOBER 18, 2021
“We’re operating within a labor- and supply-constrained economy inside a competitive real estate market, especially in the construction, renovation and closing spaces,” Jeremy Wacksman, Zillow chief operating officer, said in a statement. For comparison, Opendoor bought around 8,500 homes in the second quarter.
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