Zillow's Taking a Break From Its Homebuying Business (But There's Good News)
Zillow (NASDAQ: Z) (NASDAQ: ZG) is trying to disrupt the home buying and selling market by doing the buying and selling itself, but the business has run into a bit of a snag. According to an announcement from the company on Monday morning, Zillow has so much demand from homeowners looking to sell their homes that it can't keep up.
The announcement is a double-edged sword for Zillow. Demand for Zillow Offers appears to be strong, but the company can't keep up with demand because it can't close homes or renovate them fast enough. It's a good problem to have short-term if Zillow can build out long-term capacity and grow into the disruptive housing stock it hopes to be.
Image source: Getty Images.
Source Fool.com
