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Sure, but that doesn’t mean that the average person can acquire a house for cheaper today. And that’s really the only part of the story that matters
by noahtallen 5y ago
Sure, but that doesn’t mean that the average person can acquire a house for cheaper today. And that’s really the only part of the story that matters
- trident5000 5y agoNever suggested that. Just that there being buyers matched with sellers (there always are as that is a requirement of a market to exist regardless of its direction in price) doesnt mean the market is bolstered. However, to me it makes sense that theres some softness in what Zillow tried to do because rates are likely to rise in the next year or so and most people know that. Thats going to put pressure on lending which effects housing demand. Their AI might be top notch but they probably just timed the whole market poorly.
- JKCalhoun 5y agoDoes imply the market is cooling though or Zillow would not be unloading this hot turd (ha ha, sorry). To be sure, none of us will be buying one of their distressed properties though.