Saxe Realty Services

I lived near Betty's home for many years. Beautiful area.

PEOPLE: Betty White's Stunning Carmel, Calif. Beach House of More Than 40 Years Listed for Nearly $8 Million.

Betty White's Stunning Carmel, Calif. Beach House of More Than 40 Years Listed for Nearly $8 Million “Betty’s home in Carmel was her special sanctuary and it was one of her favorite places to recharge and rejuvenate,” listing agent Nicole Truszkowski tells PEOPLE

I'm not sure what this says about the broader market. It could be that Zillow had just over extended their model.
While inventories of homes for sale have gone up slightly and price reductions nationwide have increased, I don't think this action by Zillow is wholly a result of that.

NPR: Zillow will stop buying and renovating homes and cut 25% of its workforce.

Zillow will stop buying and renovating homes and cut 25% of its workforce The company disclosed Tuesday that it lost about $304 million in the third quarter after purchasing homes at higher prices than it now expects to sell them at.