Zillow No Longer Buying Homes
On October 19,2021, USA Today published an article entitled” Zillow is no longer buying homes.” Many real estate experts believe Zillow took this action because they believe home prices are going to start declining. On the same day, CNN reported: Zillow slams breaks on home buying as it struggles to manage its backlog of inventory.
Many homeowners are taking Zillow’s action as a sign that home prices are highly inflated. Zillow’s action has resulted in a flood of loan refinance applications and sales.