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https://www.barrons.com/articles/zillow-stock-price-earnings-homes-sale-buy-ibuying-business-51635885709

Zillow Will End Its Homebuying Business

By
Shaina Mishkin
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Zillow Group said Tuesday it would shut down its homebuying and selling business. The announcement follows a previous pause in the purchase of new homes through the end of the year.

“We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility,” Zillow CEO Rich Barton said. “Our core business and brand are strong, and we remain committed to creating an integrated and digital real estate transaction...

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