Zillow is shutting down its homebuying business and laying off 25% of its employees
Zillow is shutting down its homebuying unit, the company announced Tuesday.
"We've determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet," Barton said."While we built and learned a tremendous amount operating Zillow Offers, it served only a small portion of our customers.
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