Zillow Chief Economist Says Housing Market is Getting Tight

The video discusses the current state of the US housing market, focusing on the impact of mortgage rates on pending home sales and affordability. It highlights the challenges faced by existing homeowners due to rising rates and the limited supply of new listings. The interaction between the labor market and housing market is explored, emphasizing how job stability affects housing decisions. The video concludes with an analysis of current trends, noting the high demand for affordable housing and the competitive nature of the market.

What role do job changes play in the decision to move and how does this relate to the housing market?

How does the current labor market condition affect the housing market dynamics?

What types of homes are currently in high demand in the US housing market?