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What Happened to Zillow's Home Buying Business?

The real estate website is reversing course on its home buying operations, announcing that it's shuttering Zillow Offers and laying off 25 percent of its workforce. The move comes after the company admitted it misjudged demand, forcing it to try sell 7,000 houses for an estimated roughly $2.8 billion. Learn more about Zillow's iBuying service and what led to its collapse.

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What Happened to Zillow's Home Buying Business?
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    Zillow to shutter home buying business and lay off 2,000 employees as its big real estate bet falters

    Zillow to shutter home buying business and lay off 2,000 employees as its big real estate bet falters

    Zillow Group’s ambitious tech-fueled bid to shake up how people buy and sell homes is coming to a surprising end. The Seattle online real estate giant …

    Could Zillow buy the neighborhood?

    Could Zillow buy the neighborhood?

    verified_publisher
    Vox - Jerusalem Demsas

    Anything can be done online. Some tech companies, like Zillow and Redfin, think they can even buy and sell houses online, and are dreaming of becoming the Amazon of what has come to be known as ‘‘iBuying.” But they’re finding out that buying and selling assets worth hundreds of thousands of dollars …

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