Zillow Is Ending Its Homebuying Business. The Stock Is Plunging.

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


Updated Nov. 2, 2021 6:33 p.m. ET / Original Nov. 2, 2021 4:42 p.m. ET

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Zillow Group said Tuesday it would unopen down its homebuying and selling business, citing the company’s inability to accurately foretell location prices.

“We’ve determined the unpredictability successful forecasting location prices acold exceeds what we anticipated and continuing to standard Zillow Offers would effect successful excessively overmuch net and balance-sheet volatility,” Zillow CEO Rich Barton said.

Zillow...


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