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Shoppers are gearing up for the spring homebuying season: Zillow

Housing Wire

There are slightly more homes for sale than this time last year, and there is still plenty of competition for well-priced houses,” Zillow chief economist Skylar Olsen said in a statement. To lure more buyers, sellers are coming to terms with the market conditions and are agreeing to apply price cuts to their homes. year over year.

Marketing 386
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Coastal California metros were the priciest  in March: Zillow

Housing Wire

Shoppers in the market today should expect competition, especially for attractive listings on the lower end of the price range — a rare opportunity these days,” Skylar Olsen, Zillow’s chief economist, said in a statement. Bidding wars are commonplace in these areas, exacerbated by a scarcity of options.

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Sellers may earn more by listing later in the year: Zillow

Housing Wire

“The old logic was that sellers could earn a premium by listing in late spring when their home would be on the top of the pile of listings when search activity was at its peak,” Zillow chief economist Skylar Olsen said in a statement. Zillow posits that this shift is driven by higher mortgage rates in the post-pandemic era.

Sales 396
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Zillow’s Chief Economist on how to talk to home buyers and sellers about the market

Real Trends

Today’s RealTrending features Skylar Olsen , chief economist for Zillow. In this fast-paced podcast, Skylar shares her predictions for the housing market and offers dialogue that real estate agents can use when speaking to buyers and sellers. Here is a small preview of today’s interview with Skylar.

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Federal Reserve approves interest rate hike of half a percentage point

Housing Wire

Skylar Olsen, the principal economist at Tomo , also said the move was “already anticipated by the market, but (it was) still the biggest increase in decades. . “The current picture is plain to see: The labor market is extremely tight and inflation is much too high. “Inflation is much too high.

Mortgages 393
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Housing market rebalances with home values falling and inventory growing in July

Realty Biz

“Home values flattening so quickly after recent record growth might surprise, but it’s a badly needed rebalancing that gives home buyers more options, more time to shop and more negotiating power,” said Zillow chief economist Skylar Olsen. The market is quickly rebalancing. The typical U.S. in April, slowing to 1.2%

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SVB Collapse & Housing Market: Any Potential Impact?

Marco Santarelli

Zillow's Chief Economist, Skylar Olsen, released a memo in March outlining how SVB's difficulties could lead to lower mortgage rates and potentially push property prices downward in tech-heavy areas like San Francisco and Seattle. Retrenchment of the Housing Market The housing market has retrenched over the last year, with U.S.