Chen Zhao

Redfin's Chen Zhao explains why Millennials struggle to buy homes while Gen Z is ahead, covering age trends in homebuying, the 'silver tsunami' of housing inventory from aging Baby Boomers, and the impact of interest rates on real estate. The episode also delves into the 'buy vs. rent' debate and the shift towards renting single-family homes due to affordability issues.

Chen Zhao and Marko Papic discuss China's possible implosion, the strength of the US economy, outlook for markets, US household balance, savings rate, term premium, yield curve, and the consequences of misunderstanding China's policies.

Senior economists from Zillow and Redfin provide 2024 housing market predictions and discuss the weakening American consumer, affordability correction, mortgage rates, riskiest real estate markets, and affordable markets to watch. They also explore the impact of the macroeconomic situation, expiration of tax cuts, and the state of the average American consumer. The podcast includes insights on deal sponsors and optimism in the housing market despite concerns about affordability. The specific case of Austin, Texas is highlighted, along with an overall discussion of housing market predictions and the hosts' gratitude for the economists' insights.