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Experts Say Zoning Changes Are Most Effective Path to Boost Housing Supply for a More-Balanced Market

Experts Say Zoning Changes Are Most Effective Path to Boost Housing Supply for a More-Balanced Market
A Zillow survey of economists and other real estate experts finds high costs are expected to slow construction and may lower homeownership among today s 30-somethings
- The expert panel s prediction for home price growth is the most optimistic ever in the quarterly survey that dates back to 2010.
- The panel expects new construction to slow in the coming years, with high costs as the main barrier. But last quarter, the same panel predicted total inventory would rise later this year thanks mainly to more existing homes being listed for sale. ....

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What to Expect in the Housing Market After the Pandemic

What to Expect in the Housing Market After the Pandemic
Zillow survey results indicate many of the features that have marked the pandemic-era housing market including heavy buyer demand, tech tool adoption and rising home prices are likely to persist
- Strong demand for homes is likely to continue, but there may be little change in the locations and types of homes Americans prefer.
- For-sale housing inventory should see a boost as vaccine distribution becomes more widespread 53% of housing experts Zillow surveyed think inventory will begin growing sometime this year.
- Digital tools that are making the home shopping experience easier and faster will continue to be in demand. About 79% of Americans say they would like to use 3D tours during their search. ....

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Zillow Survey Predicts Austin will be the Nation's Hottest Housing Market in 2021, Leading a Sunbelt Surge

Zillow Survey Predicts Austin will be the Nation s Hottest Housing Market in 2021, Leading a Sunbelt Surge
More affordable metros are replacing expensive coastal areas as top drivers of home value growth
A panel of economists and real estate experts expect Austin to outperform the national market by the largest margin, followed by Phoenix, Nashville, Tampa and Denver
Expensive coastal markets New York, San Francisco and Los Angeles are most likely to underperform, though Zillow expects growth in every market
Key tailwinds include an improved economic outlook underpinned by progress on coronavirus vaccines, while affordability and available supply are potential drags ....

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