Now that mortgage rates are falling somewhat and housing supply is recovering, there may be some hope on the horizon for potential home buyers.
Orphe Divounguy, senior economist at Zillow, joins Market Domination Overtime to share insights on the housing market, what potential homebuyers need to know, and the more affordable housing markets in the U.S.
Divounguy highlights some of the good news: “We have a low unemployment rate of 4.1%. The easing of the labor market was due to a large increase in labor supply rather than layoffs. Potential home buyers are basically seeing mortgage rates come down, and that could be helpful for the housing market going forward. If you combine that with the fact that we have more inventory than a year ago, those are positive signals for the future.”
For more expert insights and the latest market action, click here to watch the full episode of Market Domination Overtime.
This post was written by Nicholas Jacobino
