Zillow, Redfin and other iBuyers stopped their online all-cash home purchases last month. Some are forfeiting deposits.
The four biggest iBuyers—Opendoor Labs Inc., Zillow Group Inc., Offerpad LLC and Redfin Corp.
—each stopped buying homes in late March with sales in the housing market expected to slow sharply this year. In some cases, these companies are backing out from pending home purchases and forfeiting deposits.
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