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Zillow Has Stopped Buying Homes to Flip

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First published at 23:27 UTC on October 18th, 2021.

#zillow
#shortages
#labor

@BoogieFinger

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Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag.

Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new purchases …

Zillow Group Inc. is taking a break from buying U.S. homes after the online real estate giant’s pivot into tech-powered house-flipping hit a snag.

Zillow, which acquired more than 3,800 homes in the second quarter, will stop pursuing new purchases for the remainder of the year as it works through a backlog of properties already in its pipeline.

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Category	Business & Finance
Sensitivity	Normal - Content that is suitable for ages 16 and over

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