Monday 23 March 2020

Amid uncertainty, Zillow is latest iBuyer to press pause

After watching rivals Opendoor and Redfin drop out of the iBuying game, Zillow Group said Monday that it would also suspend home-buying amid the coronavirus pandemic. In a statement, co-founder and CEO Rich Barton cited emergency orders in New York, California, Illinois, Louisiana, Ohio and Nevada, which have instructed nonessential businesses to shutter. In New York, Gov. Andrew Cuomo specifically told real estate agents to stop in-person showings and open houses. “Given the concerns for



source https://therealdeal.com/2020/03/23/amid-uncertainty-zillow-is-latest-ibuyer-to-press-pause/

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