Zillow Stops Home Buying Through Zillow Offers

Zillow has stopped home purchases in all 24 markets that they currently operate in as a result of the current pandemic; on March 19 Zillow shared that their home inventory had declined to 1,860 homes from 2,707 at the end of 2019; Chief Executive Rich Barton stated, “Given the concerns for public safety and rapid developments by governments that restrict local real estate activities, we determined it was prudent to pause our home buying to preserve our capital.” Market Watch