In its shareholder letter, Zillow said: "Things continue to be foggy, and we can’t control what the housing market does. What we can control is how we operate our business. Similar to many times in our history, including 2022, we are closely monitoring the situation and will be prudent in how we invest through this period." The company added: "We expect a modest increase in total operating expenses and cost of revenue from Q4 to Q1."
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