Zillow CEO on slow housing: 'Not expecting rapid relief anytime soon'
Briefly

"We've been pretty modest about what we expect the housing market to do this year and next year. We're not expecting rapid relief anytime soon."
"Zillow reported third-quarter earnings that beat analyst estimates, as the company's efforts to diversify revenue helped the company weather a sluggish homebuying market."
"The company generated $405 million in revenue through its residential business, alongside $123 million from its faster-growing rentals business, and $39 million from mortgages."
"In addition to slower home sales, the residential real estate business is grappling with fallout from a legal settlement affecting agent commissions."
Read at The Mercury News
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