Zillow Has Stopped Buying Homes to Flip

Zillow has paused its home-buying operations to manage its large inventory and address challenges in labor and supply for renovations. The company has accumulated significant debt and is focusing on selling its existing homes. This pause has allowed competitors like Opendoor and Offerpad to gain market traction.

Discuss the financial implications of Zillow's current inventory and debt situation.

What impact has Zillow's buying halt had on its competitors in the market?