Zillow Group stock falls 10% after company says it will stop buying additional homes this year
GeekWire
OCTOBER 18, 2021
The pandemic helped spur an iBuying spree with the acceleration of digital adoption such as virtual tours, The Wall Street Journal reported. For comparison, Opendoor bought around 8,500 homes in the second quarter. It ended Q2 with 3,142 homes in inventory. Zillow Offers is live in 25 markets; Opendoor is active in 44.
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