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We Get Around Network Forum
NewsZillowZillow 3D Home

Zillow Seeks to Sell 7,000 Homes for $2.8 Billion After Flipping Halt15893

WGAN
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DanSmigrod private msg quote post Address this user
Yahoo! News (1 November 2021) Zillow Seeks to Sell 7,000 Homes for $2.8 Billion After Flipping Halt

Your thoughts?


Dan
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WGAN
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Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Inman (2 November 2021) Zillow to shut down iBuying program Zillow Offers
The move should take several quarters and will also result in Zillow reducing its workforce by about 25 percent


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WGAN
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Founder
Atlanta, Georgia
DanSmigrod private msg quote post Address this user
The Wall Street Journal (2 November 2021) Zillow Quits Home-Flipping Business, Cites Inability to Forecast Prices
Termination of ‘iBuying’ comes after company said it was halting new home purchases for rest of 2021
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WGAN
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Atlanta, Georgia
DanSmigrod private msg quote post Address this user
MarketWatch (3 November 2021) ‘It’s really a toy’: Zillow closes home-flipping business. What does that say about the reliability of its Zestimate home-valuation tool?
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WGAN
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Atlanta, Georgia
DanSmigrod private msg quote post Address this user
Quote:
Originally Posted by @Wingman
It is a bit off topic but I sometimes check russian news. I have noticed today an article on a russian business website about Zillow that literally says they have decided to stop buying houses and are firing 25% of their employees. As a result their stock is down by 23%.
I barely believe any news especially from Russia but it is a business website and the news is behind a paywall(they let you read a bit). I had to google to see their stock prices and found the link below

Down 35%, Is Zillow a Buy Now?


@wingman

Moving your post here.

Dan
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Wingman private msg quote post Address this user
Thanks Dan, it is more relevant here.
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