Posted To: MND NewsWire

One of the original and most well-known housing market IBuyers has bit the dust. Zillow announced last week that it is discontinuing its Zillow Offers , a program through which the company bought homes directly from owners, made necessary improvements, and listed them for resale. A message on the Zillow Offers landing page says, “Zillow Offers is winding down, which means we are not making any new offers on homes. We’re focused on helping existing customers and selling our remaining inventory. If you’re looking to sell, we can connect you with an expert agent in your market.” Customers with a Zillow contract are advised to log into their account for further information. In late October the company announced it was suspending acquisitions through the end of the year. This announcement makes…(read more)

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Source: Mortgage News Daily