Out-of-luck homebuyers who had hoped housing prices would finally drop in 2022 will be only partially satisfied in the coming year. It's almost universally accepted that the market will cool, but not.
Real-estate tech giant Zillow announced on Tuesday that it will be exiting its home-flipping business, saying its business model to buy and sell homes rapidly did not work out as planned. See: 50.
The white-hot housing market has largely been proclaimed by major media outlets as having "peaked." Forbes said that housing prices peaked in June, while Reuters estimated back in July that a peak in.
Seasonality plays a vital role in the housing market, as it has a significant impact on the supply and demand of housing. Transactions and prices tend to be above trend in the summer while activity.