Tag Archives: Skylar Olsen

In addition to high demand for single-family homes, apartments and rental units within driving distance of city centers are selling at a premium.

Entry-level home shoppers are most likely to face bidding wars this spring, as prices rose by 8% annually for the least expensive one-third of houses, while more expensive homes lost value for the first time in more than a decade.

"It seems straightforward: We need to build more homes," said Dr. Skylar Olsen, Zillow's Chief Economist.

"Affordability is going to be the biggest factor in housing for 2023, but there's room for optimism on that front if mortgage rates recede," said Zillow Chief Economist Skylar Olsen.

A report finds out why power is shifting toward buyers in West Coast markets despite persisting affordability issues.