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Zillow shocked the industry nearly a year ago when it announced its exit from iBuying, but the company is officially done offloading its inventory. ....
Even as it completes divesting itself of Zillow Offers, Zillow Group has found a way back into the iBuying business. Along with releasing its second-quarter earnings results on Thursday, the Seattle-based online real estate marketplace announced a multiyear partnership with rival Opendoor Technologies Inc. that will allow home sellers on the Zillow platform to request an Opendoor offer to sell their homes. Opendoor, which buys and sells real estate online, makes cash offers for homes. ....
Real estate marketplace Zillow will lay off 25% of its employees, and exit their home flipping venture due to industry and market challenges, the company announced Tuesday. ....