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.