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Zillow Sells 2,000 Homes in Dismantling Its House-Flipping Business – The Wall Street Journal

Zillow Group Inc. reached a deal to sell about 2,000 homes from its ill-fated house-flipping program, the company’s biggest bulk sale as it starts unloading thousands of homes and terminates the business.

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Zillow Group Inc. reached a deal to sell about 2,000 homes from its ill-fated house-flipping program, the company’s biggest bulk sale as it starts unloading thousands of homes and terminates the business.

Pretium Partners, a New York City-based investment firm, has agreed to buy Zillow homes across 20 U.S. markets and plans to rent them out, according to people familiar with the matter.

Source: https://www.wsj.com/articles/zillow-sells-2-000-homes-in-dismantling-its-house-flipping-business-11636545601

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