Chen Zhao

Chen Zhao, Head of Economic Research at Redfin, breaks down the latest housing market trends, predicting a 1% decline in home prices by year-end. He discusses the shifting dynamics of buyer-seller ratios and regional variations, highlighting challenges in states like Florida. The conversation delves into the impacts of rising supply and declining demand, as well as the effects of macroeconomic factors like tariffs on construction costs. Zhao also touches on the decline in asking rents and how these trends are shaping the future of real estate investments.

In this discussion, Chen Zhao, Head of Economic Research at Redfin, shares intriguing insights into the housing market, projecting a significant reset starting in 2026. She reveals 11 essential predictions, including the stabilization of mortgage rates and slower home price growth. Affordability is set to improve as wages outpace prices, providing relief for buyers and landlords alike. Zhao highlights how AI may transform real estate matchmaking, while regional market dynamics are expected to shift. This friendly chat unpacks what the future holds for homeowners and investors.