Around the same time the Austin Board of Realtors said the local housing market was starting to "rebalance," Zillow Group Inc. released a much harsher outlook: the Austin market is now "ice cold."
The characterization was in Zillow's (Nasdaq: ZG) December 2022 market report, published Jan. 19.
"Year over year comparisons are helpful in understanding where we were and where we are now in terms of raw numbers, but comparing our market to the past two years of anomaly conditions isn't a true comparison,"…
