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‘Not expecting rapid relief anytime soon’ – The Mercury News



Zillow Group installed a new chief executive officer in August, with longtime executive Jeremy Wacksman taking over from co-founder Rich Barton.

And in recent comments, Wacksman said he expects the housing recovery to proceed slowly and that Zillow aims to grow by increasing the share of transactions in which the company plays a role.

“We’ve been pretty modest about what we expect the housing market to do this year and next year,” he said in an interview. “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.



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