Zillow’s Q3 Revenue Down 12 Percent Annually
As a whole, the company lost $53 million during the third quarter
As a whole, the company lost $53 million during the third quarter
The cuts impacted Zillow Offer advisors, PA sales, back-end staff, Home Loans and Zillow Closing Services
The company sold more homes than expected last quarter, bringing in $505 million
Zillow sellers will soon be able to request Opendoor offers on their listings
No surprise to many, but Zillow Offers was responsible for the majority of the company’s losses last year
The company has sold, is under contract to sell or has reached agreement on disposition terms for more than 50 ...
The real estate portal still did post a $328 million loss last quarter—and the market had a strong reaction
The move will include a 25 percent staff reduction over the course of the next many months
Citing concerns over keeping up with demand, Zillow is hitting pause on ibuying
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