Real Wealth Show: Real Estate Investing Podcast Is Now a Good Time to Buy Real Estate? Housing Market Update with Zillow's Orphe Divounguy
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Aug 28, 2025 In this enlightening discussion, Orphe Divounguy, a Senior Economist at Zillow, shares his insights on the current housing market. He analyzes the imbalance between supply and demand caused by economic uncertainty and rising mortgage rates. Orphe highlights emerging opportunities for investors, emphasizing regional variations, especially as millennials drive demand in a tight inventory market. The conversation also touches on the shift toward affordability, as buyers move from high-cost areas to more budget-friendly locations, making it a crucial time to strategize for future investments.
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Market Balance And Affordability
- Inventory has risen and the market is more balanced with more buyer bargaining power.
- Affordability remains the main constraint because high mortgage rates limit transactions.
Labor Market Drives Housing Demand
- Weak hiring and economic uncertainty lowered residential mobility and housing demand.
- People delay big moves when uncertain about future income, suppressing both for-sale and rental markets.
Young Veteran's Negotiated Deal
- Kathy shares a story about a young military buyer who negotiated $75,000 off a San Antonio house.
- The buyer nearly backed out after hearing a colleague warn of a market crash.