The Daily Money: Is the housing market too hot for Zillow?

Good morning, Daily Money team, Nathan here hoping your day is off to a great start!

🚗 Where did the money go?

That's the question you can't help but ask when reviewing the rise of Elio Motors, a start-up automaker that collected $28 million in deposits from more than 65,000 people for its promised $7,000, three-wheeled, two-seat, 84 mpg vehicle.

My colleague Craig Harris and I today detail what we found in Part 2 of our three-part investigation into Elio Motors.

A lot of questions remain. But here's what we know for sure: Elio has not built a single car, yet founder-CEO Paul Elio did manage to pay off his personal debts while his company was taking in cash.

💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ... 

💡 INSIGHT OF THE DAY: Earlier this year my colleague Swapna Venugopal Ramaswamy reported that the housing market was so red-hot that various apps were buying homes, in some cases sight unseen, from owners. Then the so-called iBuyers do light renovations and aim to sell for a profit. Well, Zillow has had enough, at least for now. The housing app is done acquiring houses in 2021, saying it "has hit its capacity for buying homes for the remainder of the year." OK. But experts say the real reason might be because competition is fierce, prices are sky-high and home-flipping is becoming more difficult amid labor shortages.

📰 And here are more stories you won't want to miss:

1. Check your bank account: The October child tax credit payment was deposited last week.

2. So your phone is overloaded with apps: Here's how to get rid of them.

3. Looking to invest in electric vehicles? Take a look at these three stocks.

4. Yes, Disney World is a bit pricey: But there are freebies to be had in the Magic Kingdom.

Only when you wish upon a star.

--@NathanBomey