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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?
Most Popular Reply

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.