Zillow stopped their home buying program…losing their shirts. They arguably have the best information on real estate.
OpenDoor is the largest company in the US that buys and flips homes. Their stock is down over 40% now recently. 20 to 14 bucks a share.
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See also Housing Under Biden: Mortgage Demand Increases 6.3% Since Last Week On Rate Declines, But Purchase Demand Down 32% Since Last Year, Refi Demand Down 44% YoY
Wallstreet is predicting a housing crash…if you are in the homebuying market I would wait 12-18 months and then have cash on hand to scoop up some killer deals!
The dominoes are falling