Today news
About the same in other media
Zillow Quits Home-Flipping Business, Cites Inability to Forecast Prices
Reading now: 396
wsj.comReal-estate firm Zillow Group is exiting the home-flipping business, saying on Tuesday that its algorithmic model to buy and sell homes rapidly doesn’t work as planned.
The firm’s termination of its tech-enabled home-flipping business, known as “iBuying,” follows Zillow’s Oct. 18 announcement that it was halting all new home purchases for the rest of the year. At the time, Zillow pointed to labor and supply shortages for its inability to renovate and flip houses fast enough.
Read more on wsj.comAbout this in other media
FCA’s lead supervisor for asset managers quits: “It’s a big loss” fnlondon.com /3 years ago
David Cameron quits Afiniti role after founder accused of sexual assault theguardian.com /3 years ago
LibDem leader Ed Davey quits Herbert Smith Freehills consultancy job fnlondon.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
