Zillow Stock Tanks After Real Estate Marketplace Unable to Flip Homes

Zillow shares plummeted on news that homes the real estate marketplace purchased in order to flip are worth less than their original sale prices. Last month the platform announced a halt of home purchasing due to renovation costs and construction labor shortages.
close
We use cookies and similar technologies on this site to collect identifiers, such as IP address, and cookie and device IDs as described in our Privacy Policy.