Zillow Group

Investors are NOT into Zillow s plan to s上海贵族宝贝

tart flipping houses The real estate listings company’s shares plummeted after the announcement

(Credit: Elvert Barnes, Pixabay)

After Zillow Group announced i爱上海同城

t was going to get into flipping houses, its shares plummeted 11 percent a record one-day drop the company hasn t logged in three years.

The Financial Times reported shares fell by 11.1 percent following the Friday announcement that the real estate listings compa上海千花网论坛

ny would begin an Instant Offers business where it would acquire homes to be sold within 90 days, as The Real Deal reported. Zillow plans on rolling out the new service in Las Vegas and Phoenix.

Investors selling off shares brought the company s gain for the year down to 20 percent; Zillow market value is just under $7 billion. [F上海千花社区

T] Erin Hudson

Tags: Real Estate Finance, Residential Real Estate, zillow
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