On The Market

Zillow: Price Cuts Hit Record as Inventory Floods Back (May 2025)

8 snips
May 12, 2025
In this discussion, Orphe Divounguy, a Senior Economist at Zillow, provides a refreshing outlook on the housing market as inventory surges and price cuts reach record levels. He highlights how sellers are becoming more realistic, benefiting buyers with lower prices and more choices. Orphe shares insights on how trade wars and inflation could impact housing, offering predictions for mortgage rates and emphasizing a surprisingly optimistic view for the rest of 2025, making it an intriguing listen for anyone in the real estate arena.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

Inventory Rise Signals Market Balance

  • Rising home inventory signals a move towards a healthier, more balanced housing market.
  • The gap between buyers and sellers is shrinking, giving buyers more power and choices.
ANECDOTE

Orphe's Home Buying Story

  • Orphe Divounguy shared his personal house-buying experience in Wake Forest, NC during low inventory.
  • He noted how sparse market listings made price comparisons and appraisals especially challenging.
INSIGHT

Forecast: More Inventory and Price Cuts

  • Zillow forecasts rising inventory and a slight dip in home prices during 2025.
  • Price cuts and increased choices will improve bargaining power for buyers, promoting a healthier housing market.
Get the Snipd Podcast app to discover more snips from this episode
Get the app