You wouldn't know it from looking at the stock of Zillow Group (NASDAQ: Z)(NASDAQ: ZG), but the U.S. housing market is expected to suffer something between a relatively mild slump and a severe crash.
Even if housing does crash, it's not expected to be on the magnitude of the 2008 financial crisis. But just because something is not as bad as the worst collapse doesn't mean it won't still hurt.
Yet the stock of this real estate marketplace seems blissfully unaware of the gloom hanging over the industry as shares are up 50% in 2023 and some 85% higher over the last 12 months.
Source Fool.com