Zillow Will End Its Homebuying Business

Zillow Group said Tuesday it would unopen down its homebuying and selling business. The announcement follows a erstwhile intermission successful the acquisition of caller homes done the extremity of the year.

“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. “Our halfway concern and marque are strong, and we stay committed to creating an integrated and integer existent property transaction...