Real Estate
Zillow Seeks to Sell 7,000 Homes for $2.8 Billion After Flipping Halt
- Company recently stopped new offers in iBuying business
- Online listing giant has been buying thousands of homes
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Zillow Group Inc. is looking to sell about 7,000 homes as it seeks to recover from a fumble in its high-tech home-flipping business.
The company is seeking roughly $2.8 billion for the houses, which are being pitched to institutional investors, according to people familiar with the matter. Zillow will likely sell the properties to a multitude of buyers rather than packaging them in a single transaction, said the people, who asked not to be named because the matter is private.