Zillow Pauses Home Purchases: Is A Housing Crash Coming?

Zillow is pausing their home purchases until the end of the year. Zillow stock dropped on the news that they will not buy any more houses until they work off some of their home inventory. Zillow has said that they paused home purchases because of a problem with finding labor to fix and renovate the houses they buy. Other iBuyer companies have not paused their home purchase programs. Did Zillow stop buying homes because of a labor problem or does Zillow think a housing slowdown or housing crash is coming and they want to get rid of their homes before prices drop. I take a look at some of the houses that Zillow Offers bought and see home much they paid for them and how much they have dropped the asking price in recent weeks. Is this just a small sample or is it indicative of a larger problem? Is Zillow paying too much for people's houses with their Zillow Offers program? Be @financially aware of the financials of any stock or any other investment before you consider investing in it. Disclaimer: I am not a financial advisor, and nothing on this channel is meant to be financial advice. The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence.