Zillow Group (ZG) Selling 7,000 Homes for $2.8 Billion After Flipping Halt - Bloomberg

(Updated - November 1, 2021 2:51 PM EDT)

Zillow Group (NASDAQ: ZG) is looking to sell about 7,000 homes, according to Bloomberg, citing people familiar with the matter. The company is seeking about $2.8 billion for the homes.

Zillow is likely to sell the houses to a multitude of buyers rather than packaging them in a single transaction.

The company recently said it would stop making new offers in its home-flipping operation for the remainder of the year, the report noted.

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