Zillow Group stock falls 10% after company says it will stop buying additional homes this year
GeekWire
OCTOBER 18, 2021
Zillow Group announced Monday that it will not sign any new contracts to buy homes via its home-buying and selling service for the rest of this year due to “backlog in renovations and operational capacity constraints.” For comparison, Opendoor bought around 8,500 homes in the second quarter. (Zillow Image).
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