Zillow Listings Exposed: The Collapse of the Housing Market

If you're like me, you're probably wondering what is going on with the housing market right now. Well, I did some digging, and I have to say, things are looking pretty bleak. In this video, I'm sharing my personal analysis of the housing market and why I believe we may be headed for a major collapse. But that's not all – I also uncovered some pretty shocking information about how Zillow listings work and the risks they might pose in a down market. Whether you're thinking of buying or selling a property, or just curious about the state of the market, you won't want to miss this video. SideMoneyTom on TikTok does daily videos about real estate in his area and analyzes exactly where some of the key problems arise between the economy, real estate agents, and the housing market through Zillow listings and going to these locations personally.

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[mats]

It’s interesting to compare the listings to real life as well. Some houses listed aren’t even close to the reality, as usual with listings however. Going there puts perspective.

[LDavis-llyr]

While I “sense” the phenomenon of real estate being too high, there is one flaw in what you’ve shared. If someone purchases a house and then tries to sell it for 2X or 3X what they paid, and they find that they cannot sell it, when they then cut the price by 30% you can not say that “housing prices are falling more than they have ever fallen in history.” They are taking 30% off an artificial price, which is nothing more than a fantasy price that was never real. Only when the owner sells at a loss can you say that the price has actually fallen.

I do think we will see this happening eventually. But, just because a seller isn’t getting their asking price does not by itself mean that prices are falling.

I could buy a house for $100k, list it for sale for $1M the next day. Then, when it did not sell, I could reduce the price to $500k. That would not mean that my house’s price has dropped 50%. The price is not real until you close the sale.

[jamesnicall]

How about a rental market crash please? Nothing is affordable anymore.