Zillow's Olsen Says House Prices Are Falling

The video discusses the impact of rising mortgage rates on housing affordability, highlighting how increased rates have pushed homeowner burdens beyond previous levels. It explores market volatility, affecting homebuyers and listings, and analyzes current price trends with forecasts for future changes. The role of interest rates in market dynamics and price insulation is examined, along with employment trends and their economic impact on the housing market. The discussion includes the Fed's role in managing inflation and its effects on mortgage rates.

What has been the effect of rising mortgage rates on homeowner burdens?

• They have decreased significantly.

• They have remained stable.

• They have increased beyond previous levels.

• They have no effect on homeowner burdens.

How does volatility in mortgage rates affect buyer behavior?

• It encourages buyers to purchase immediately.

• It makes it difficult for buyers to plan and time the market.

• It has no impact on buyer behavior.

• It leads to a decrease in housing demand.

What trend in housing prices is currently being observed?

• Prices are unpredictable.

• Prices are falling slightly.

• Prices are rising rapidly.

• Prices are stable.

Which markets are experiencing significant price declines?

• Eastern markets

• Southern markets

• Western markets

• Northern markets

How does the 30-year fixed mortgage rate impact housing prices?

• It leads to a decrease in housing demand.

• It has no impact on housing prices.

• It helps insulate prices from falling too much.

• It causes prices to rise significantly.

What is the current state of the employment market in the U.S.?

• It is very weak.

• It is experiencing high unemployment.

• It is unpredictable.

• It is close to full employment.

How might higher unemployment affect the housing market?

• It could lead to lower mortgage rates.

• It could increase housing demand.

• It could decrease housing demand.

• It has no impact on the housing market.