What’s Next for the Housing Market with Skylar Olsen

Should you buy or rent? When will home prices go down? Where is housing most affordable? To get insight on these questions, SoFi’s Head of Investment Strategy and Host Liz Thomas welcomes back Dr. Skylar Olsen, the Chief Economist at Zillow. Dr. Olsen discusses how supply shortages, high mortgage rates, and changing demographics are affecting not just home prices, but rental markets, and how the housing market is evolving in the post-pandemic years. The two talk regional variations, the impact of short-term rentals, and where things go from here. For more, read Liz’s column every Thursday at On The Money by SoFi, sign up for the SoFi Daily Newsletter, and follow Liz on Twitter @LizThomasStrat. Notable mentions in the episode: (00:00) Introduction to The Important Part (00:31) Diving into the Housing Market (01:34) Interview with Dr. Skylar Olsen (02:22) Current Housing Market Trends (05:45) Impact of Mortgage Rates (19:22) Regional Housing Market Insights (24:26) The Role of Short-Term Rentals (28:10) Zillow's Market Heat Index and Zestimate (33:00) Lightning Round  (35:42) Key Takeaways and Conclusion Recommended reading: Local Housing Market Trends By Location First-Time Homebuyer Guide Your 2024 Guide to All Things Home Additional resources: SoFi Daily Podcast: 5-minute daily episodes covering the latest business, economic, and stock market news you need to start your day. The SoFi Daily Pod is available on Apple and Spotify, or wherever you get your podcasts. SoFi Daily Newsletter: Sign up for the SoFi Daily to receive the latest financial news in your inbox every day.  Investing 101 Center: At SoFi, we believe investing is for everyone — which is why we’ve created a hub with info for beginners and experts alike. Start exploring to get investment education, advice, resources, and more. Wealth Investing Guide: Information you need to know to make your money work harder for you. This podcast should be used for informational purposes only and not deemed as a recommendation. Our Automated investing is via SoFi Wealth LLC, and is a registered investment advisor. Our Active investing is via SoFi securities LLC, member FINRA/SIPC. For additional disclosures related to the SoFi Invest® platforms, please visit www. SoFi.com/Legal. ©2024 Social Finance, Inc. All Rights Reserved.