Updated over 3 years ago on . Most recent reply
Is the housing market crash here?
Just watched a video explaining how Zillow is selling between 60-70% of homes they bought in markets like Phoenix, Dallas, Houston, and Atlanta for a loss. Does this mean Zillow is preparing for a crash and cutting their losses when they can, or was I just fooled by a YouTube video?
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Bill B.
#3 1031 Exchanges Contributor
#3 1031 Exchanges Contributor
- Investor
- Las Vegas, NV
They specifically said they couldn’t get enough workers to fix up the properties so they could be “fixed and flipped”.
Property prices “only” being up 10-20% YOY usually isn’t considered a crash.