After three successful home sales, Daniel Edwin and his wife were getting ready to sell again, but this time, the Atlanta couple knew they didn’t want to go the traditional route. Worried about the stress of home repairs, an endless stream of showings, and the possibility of buyer financing falling through, the Edwins made the…
Zillow Stock Sinks After Q3 Earnings: 7 Analysts React to iBuying Shutdown
Zillow Group Inc. shares plunged 24.5 percent on Wednesday after the company reported an unexpected third-quarter loss and said it will be winding down its home-buying business. Zillow reported a third-quarter adjusted earnings per share (EPS) loss of 95 cents on revenue of $1.74 billion. Both numbers missed consensus analyst estimates of a 16-cent profit…
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