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by swalkergibson 1685 days ago
Without question this extends to the other iBuyers in the market.

Zillow exiting because they could not make it work should be a massive alarm bell. Not only are they no longer buying new properties, they are liquidating their existing assets. You would not do that if you thought the market would come back to you.

2 comments

So I would think too, yet Opendoor has popped back up within 5% or so of its level prior to the Zillow news:

https://www.marketwatch.com/investing/stock/open?mod=over_se...

If social media is to be believed, firing 2,000+ employees is also a bit concerning.

At a bare minimum, that does not show much confidence in the organizational structure they put together, either.