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March 26, 2020

Zillow pauses homebuying service

By JOURNAL STAFF

SEATTLE — Zillow announced this week that it will suspend its recently launched Zillow Offers homebuying service in 24 markets, though Seattle is not yet among them.

CEO Rich Barton said in a statement, “Given the concerns for public safety and rapid developments by governments that restrict local real estate activities, we determined it was prudent to pause our home buying to preserve our capital.”


 
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