ZILLOW to Offload 7,000 Homes After Flipping Fumble…

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(Bloomberg) — 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.

A representative for Zillow didn’t immediately comment.

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finance.yahoo.com/news/zillow-seeks-sell-7-000-184559654.html

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