Orphe Divounguy, Senior Economist at Zillow, discusses Zillow's 2024 housing market predictions including a potential 'big reset' and an economic trifecta that could lead to a hot housing market. They also talk about improving housing inventory, headwinds to watch out for in 2024, and the impact of a presidential election on the property market.

Join economist Dr. Orphe Divounguy as he discusses upcoming economic data releases like Q1 GDP, jobless claims, pending home sales, PCE data, and consumer sentiment. Explore forecasts for Q1 2024, housing market trends, and the impact of inflation on consumer sentiment.

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.