Zillow Buys Homes at Buying

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Zillow Buys Homes. Ad find your house ! Zillow will stop buying and renovating homes and cut 25% of its workforce the company disclosed tuesday that it lost about $304 million in the third quarter after purchasing homes at higher prices.

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Ad find your house ! The company is seeking roughly $2.8 billion. Zillow bought 3,805 homes in the second quarter and sold 2,086.

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This past quarter, zillow offers bought 9,680 homes. The company is seeking roughly $2.8 billion. As with a traditional sale of a home, dynamics of the housing market and home price appreciation (or lack thereof in a slow market) will be factored in. Zillow will still market and sell the homes it has acquired through zillow offers, which has been on a purchasing tear this year.