, inventory should return to a monthly average of 1.5 million units or higher in 2024.
This is based on 38% of respondents to Zillow's survey, the largest group. Others are much more optimistic."Inventory and mortgage rates will determine how far and how fast home prices will rise this year and beyond," said Zillow senior economist Jeff Tucker."We are seeing new listings returning to the market, slowly, as we enter the hottest selling season of the year, but this supply deficit is going to take a long time to fill.
Zillow reports total inventory has fallen from a monthly average of 1.6 million homes in 2018 and 2019 to just over 1 million in 2021.
Says Zillow and their zestimates
Did Chris rock really get hit by Will Smith
Tuh! Zillow owns half the homes in inventory
It's going to Pop just like the economy. Let's not sugar coat things for likes.
That’s promising.
Zillow biggest scammers
Never trust Zillow!!!
You lost me at “Zillow says”
Can we please just crash the market again?
There will be more houses unsold because potential buyers will be rethinking of buying a house as the mortgage interest rate goes up like now is already at 4.34%. Last two years had been around 3% & under.
Lol oh you mean brought to you by the company that is supposed to know the value of homes but when they tried buying them to flip they almost went bankrupt and shut down the program?.... That zillow?
Noooooo I wanted it to crash
Only for home owners... RENT still gonna be sky high for you all we getting SF prices very soon!🤷🏻♂️🤷🏻♂️🤷🏻♂️
I'd like it to go back the mid 90s atlease
Zillow may not be a 100% credible source but it’s not far fetched to say the market will adjust. 600k for a POS old house on Riverside county is ridiculous.
Yes price drops happening even In California.. people waking up to higher payments and all that due to interest % levels growing .. why would anyone pay over 400k for a house In The cuts like San Bernies ect makes no sense
Not in California, not enough housing
I see price drops in LA, which wasn’t happening a few months ago
zillow
Why would I trust Zillow zillow
Zillow isn’t a credible source. zillow
Yeah Zillow 😂
Yup
The dolts believe Zillow is an unbiased, reliable and trusted news source for information about the market. My God, why don’t you crack “journalists” blow all of our minds by straight asking Realtwhores what’s going to happen? And yes, those are sarcastic quotation marks.