(Disclosure: Rose Law Group represents Offerpad.)
By Angela Gonzales | Phoenix Business Journal
Zillow Group Inc.’s (Nasdaq: Z) stock took a tumble after the iBuyer announced it is pausing new home purchases.
According to a statement issued on Monday, Zillow Offers will not sign any new additional contracts to buy homes through the end of the year, citing a backlog in renovations and operational capacity constraints.
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