re: Wall Street: Housing market to see 2nd biggest home price decline since Great Depression

There ultimately has to be a correction. Even large investment funds are facing a significantly higher cost of capital which materially hurts returns on buying up these assets, and obviously traditional single-family buyers are seeing their buying power decrease significantly.

ETA: even a cursory glance of Zillow shows pretty broad price decreases (marginal at this point) vs original list price and houses staying on the market for a week or more, which was unheard of here 6 months ago.