Kara Ng

Kara Ng, a Senior Economist at Zillow, reveals critical insights into the housing market's shifting landscape. She discusses how dwindling inventory is reshaping buyer competition and pushing prices up. First-time homebuyers can find hope in Zillow's new down payment assistance program, designed to alleviate financial barriers. Kara highlights the root affordability issue, advocating for increased housing construction to bridge the significant shortfall. With mortgage rates expected to stay steady, the market poses challenges for buyers caught between high rent and mortgage payments.