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Zillow CEO Says Housing Affordability Still Pressuring Buyers Amid Soft Q2 Outlook: 'Seeing Very Modest G
Zillow CEO Jeremy Wacksman said affordability pressures and cautious buyers continue weighing on the U.S. housing market.
Zillow Group Inc. (NASDAQ:Z) CEO Jeremy Wacksman said affordability continues to pressure the U.S. housing market even as the company posted double-digit growth across key business segments in the first quarter.
Speaking to CNBC on Thursday following Zillow's earnings report, Wacksman said housing transaction growth remained modest and that macroeconomic uncertainty continues to keep buyers on the sidelines.
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Originally published by Benzinga
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