As someone in a STR coastal hotspot, I generally agree with the sentiment here that it's too early for the average observer to ascertain a market correction...for vacation/STR areas, it's the rental market change that will precede the housing. (for example, many properties tyically churning $5-$20k/mo during peak season via STR are now renting M2M @75%ish off - and this is good for local communities IMO).

Online enablers like Redfin have perch from which to observe the market like no-other, hence the reason they can buy and sell in house with competitive technological advantage.

That said, I didn't see any data from the article to suggest what the CEO is purporting "home-buying demand is almost back to pre-pandemic levels." - so going to call BS on that full stop; he has every reason to say this esp. without a "reporter" who will challenge the statement or followup...read between the lines.

Also, these players restarting their own in-house buying programs are simply able to tweak their algorithms to low-ball and who can blame them? Does not indicate a healthy/positive market ahead either...just that they are going be hunting for deals via automated offers...again who can blame them? (Just don't interpret that move as meaning much of anything at this time).

TLDR; this is a marketing piece - give me evidence to support a claim or GTFO.