Zillow to stop home-flipping amid pricing 'unpredictability'
By ALEX VEIGA, AP Business Writer LOS ANGELES (AP) — Zillow Group said Tuesday that it will stop buying and selling homes, citing the "unpredictability" of forecasting housing prices. The Seattle-based real estate information company said winding down its Zillow Offers homebuying and selling unit will take several quarters and will result in about a 25% reduction in the company's workforce, which is