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Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions

January 3, 2024
in Investing
Reading Time: 3 mins read
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Zillow and Redfin Top Economists Give Their 2024 Housing Market Predictions

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On this article

With doomsday headlines and lagging shopper confidence, how do you have to proceed in 2024? Time to get the recommendation of TWO senior economists! BiggerPockets’ Dave Meyer talks with ZILLOW’s Orphe Divounguy and REDFIN’s Chen Zhao to demystify the newest US financial indicators and give you methods to thrive on this 12 months’s housing market. 

We’ll get into dwelling costs, the incoming “affordability correction,” mortgage charge forecasts, and why subsequent 12 months might be considerably higher for patrons. However that’s not all. Each Chen and Orphe share their outlook for the 2024 financial system, the state of the American shopper, and what might occur as scholar loans sit back in, bank card delinquencies improve, and money reserves run dry.

Lastly, we’ll finish issues with Chen and Orphe’s record of actual property markets to observe and the dear areas that will see a revitalized post-pandemic increase. If you wish to know what to anticipate, the place to take a position, and if the recent housing market will return in 2024, stick round!

Click on right here to pay attention on Apple Podcasts.

Hearken to the Podcast Right here

Learn the Transcript Right here

Watch the Episode Right here

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Assist us attain new listeners on iTunes by leaving us a score and evaluate! It takes simply 30 seconds and directions might be discovered right here. Thanks! We actually recognize it!

In This Episode We Cowl:

Redfin and Zillow’s 2024 housing market predictions 
The “weakening” American shopper and what this implies for homebuying
2024 mortgage charges, “disinflation,” and the place we might find yourself subsequent December
The “affordability correction” that would assist dwelling patrons get their first home
Riskiest actual property markets in America that would see HUGE value cuts
Inexpensive markets to observe which have had rock-solid dwelling costs
And So A lot Extra!

Hyperlinks from the Present

Join with Orphe:

Join with Chen:

Curious about studying extra about right this moment’s sponsors or turning into a BiggerPockets accomplice your self? Electronic mail [email protected].

Be aware By BiggerPockets: These are opinions written by the creator and don’t essentially characterize the opinions of BiggerPockets.

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Tags: EconomistsgiveHousingMarketPredictionsRedfinTopZillow
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