Zillow's unexpected announcement in October that it was temporarily pausing its home-buying activities raised many analysts' eyebrows. Now, the company is reportedly offloading thousands of homes at a discount, Marketwatch reported Wednesday.
It also announced it would lay off 25% of its workforce over the next few quarters.
Some argue that more concerning trends could be on the way. The company's Zillow Offers division—what's known as an "iBuyer"—purchases and sells homes directly to consumers, typically renovating them in between.
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