Zillow CEO Says Housing Is Doing 'Really, Really Well'

The video discusses the current state of the housing market, highlighting a 7% year-over-year increase in home values nationwide, with Seattle experiencing a 12% increase. The rise is attributed to a supply-demand mismatch rather than a bubble. First-time homebuyers, particularly millennials, play a significant role in the market, employing creative strategies to navigate limited supply. Despite political uncertainty and potential mortgage rate increases, the housing market remains resilient, even in the face of natural disasters.

What is the primary reason for the current housing boom, according to the video?

• Low interest rates

• Government subsidies

• Supply-demand mismatch

• Easy credit availability

Which city is currently experiencing the hottest housing market in the country?

• Miami

• New York

• Los Angeles

• Seattle

Why is the rapid increase in home values in Seattle not considered a bubble?

• Because of easy credit

• Due to strong market fundamentals

• Because of government intervention

• Due to high interest rates

How do home values typically respond after natural disasters, according to the video?

• They decline permanently

• They take decades to recover

• They bounce back within a year or two

• They remain stagnant

What is a significant factor that first-time homebuyers are dealing with in the current market?

• High interest rates

• Abundant housing supply

• Decreasing home values

• Limited housing supply