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Online real estate listing platform Zillow Group Inc (NASDAQ:Z) is reportedly pausing its iBuying program through at least the end of 2021 after the company purchased more than 3,800 homes in the second quarter. The stock dropped more than 7% on Monday morning after Bank of America analyst Nat Schindler said the pause underscores the high degree of uncertainty in the iBuyer model, and management’s guidance and commentary surrounding its Homes segment will now be a critical part of the company’s third-quarter earnings report.
...read full article on Benzinga
