Zillow’s Take on the 2025 Housing Market
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- Опубліковано 6 лют 2025
- In this episode of the Top of Mind podcast, Mike Simonsen sits down with Dr. Orphe Divounguy, senior economist with Zillow's Economic Research team, to talk about what’s on the horizon for the housing market this year. Orphe shares the latest findings from Zillow’s 2025 forecasts, offers some surprising insights from Zillow’s rental data, gives us a framework for understanding mortgage rates and affordability in the U.S., and much more.
About Dr. Orphe Divounguy
Orphe Divounguy is a senior economist with Zillow's Economic Research team where he analyzes economic data to try and identify emerging trends in the housing market. In the past, Orphe’s work focused on quanÏtitative methods for evaluating the impact of economic policy. Orphe earned a doctorate in economics from England’s University of Southampton.
Orphe is also the founder of the Quantitative Research Group and the co-host of the Everyday Economics podcast.
The team’s research can be found at zillow.com/research and includes analyses about for-sale and rental market dynamics, fair housing, and other topics. Zillow also provides dozens of housing market datasets freely available for download at zillow.com/data.
Here’s a glimpse of what you’ll learn:
Details from Zillow’s 2025 housing market forecasts: mortgage rates, home sales and home prices
How American homeowner wealth helped stave off recession and what it means for the housing market in 2025
The most important macro economic trends to watch now and what they mean for real estate this year
Surprising insights from Zillow’s rental data on trends in apartments and single family rentals, and what to expect in the near future.
Which local markets to watch in 2025 and why
Smart thinking on the affordability crisis, how it’s changing and how we might find our way out
Resources mentioned in this episode:
Zillow Housing Data
www.zillow.com...
Orphe Divounguy on LinkedIn
/ theecondoc
Mike Simonsen on LinkedIn
/ simonsen
Altos Research
altosresearch....
Free Altos Report: altosresearch.com
Altos Guide to Market Data: bit.ly/altos-e...
Demo Altos: altosresearch....
Altos Research is the premier resource for real-time real estate data. We provide weekly market statistics, analysis and reporting for 99% of the zip codes in the U.S., helping real estate professionals, investors, financial institutions, and their clients make better-informed decisions.
Featuring Mike Simonsen, President of Altos Research
A true data geek, Mike founded Altos Research in 2006 to bring data and insight on the U.S. housing market to those who need it most. Altos provides national and local real estate data to financial institutions, real estate professionals, and investors across the country, and the company is now part of HW Media, publisher of HousingWire and RealTrends. Mike uses Altos data to identify trends in the real estate market well before the headlines, and his work has been featured in the New York Times, The Atlantic, Fortune, Forbes and other publications.
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See you next week!
#realestate #realestatemarket #housingmarket
Altos Research is now part of HW Media! Check out their channel at @HousingWire for more housing market insights.
Mike - Love your channel, but it what would make it even better is if you could add 'chapters' to your videos as to have the topics organized for your viewers, especially for more of your long-form content like this one. Love your content, keep it up, and thank you.
My outlook on money changed when I realized someone making $300,000 can retire broke & someone making $80,000 can retire a multi-millionaire. Living within your means and living a frugal lifestyle is the first step to financial independence. I just hit the one million mark last year, cheers to everyone striving to get there someday.
How did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own.
Please how do I go about it, the year is already going had alot of great lost last year, how can I make profit?
I just have to applaud your content ma, well done. I remember having a consultation with a trade analyst last September, and it was incredibly insightful, at least $150k---$1m profits. Can't say enough how helpful expert's in this field are.
If you ask me I will advise you stop investing on your own and seek for a good professional guidance, I don't invest on my own anymore, I always required help and assistance.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
One additional point to the "if you can afford then buy"
I would add, if the monthly payment is reasonably close to local rental prices (factoring in inflation, rent increases)
I'm renting a place for $2600 that would cost me $4300 to buy after 20% down. Even with modest rental increases YoY, it would take at least 5-6 years for just my interest payment to drop below what I would be paying for rent
Basically, I would be renting my house from the bank, after tying up over $100k in hard cash
For anyone to buy in these types of markets, even if they can afford it, is just crazy
Great interview. 5 stars. Adding the "chapters" feature would be my only suggestion. Great content. Thanks again to you and Orphe.
Just got laid off this week. There are 24 more layoffs happening at Pfizer this year and most likely to go into next year. And been applying for jobs but so has everyone else who has been laid off. By mid to end of year we will be in a recession.
24 layoffs is small at a company like Pfizer
home equity doesn't make you rich unless you sell. when people are spending based on their home equity, it means we're in trouble.
Zillow , Refin and Realtors are part of the problem with unrealistic home prices. Take California Bay area and NYC where in 5 years prices have increased by 100 percent. Prices need to come down. CaA also has prop13 which makes no sense. Pensioners are unable to downsize without carrying over property taxes for nych less.
Also Corporate companies are scooping up family homes without penalties. No of this makes sense. Only when home proces come down will Powell achieve his 2 percent inflation rate.
Consumer sets prices. Cannot argue with basic economic principles
Dude what’s up with your hair? 😂
Getting rid of the regulations that exist today means more Ashevilles and Palisades in our future. What is with the real estate industry's denial of what's here and ahead? The insurance industry certainly knows and understands. In fact, they did a lot of good research into global warming and its impacts back when I was in college in the 80s - I recall it being discussed. And it's most certainly happening today. In fact, its accelerating from what I see in both my field work and my deployments to all these disasters zones. Lastly, developers need to think inland and north in the future because that's the least riskiest area. Buyers too. Granted, everywhere will see impacts but some places will be slaughtered. Lastly, the Nation Climate Assessment outlines the risks each state faces. I suggest you refer to it before buying. And BTW, the Great Lakes region is where many scientists and informed individuals have already relocated.
Curious on your knowledge of risk in Central Idaho? Boise has seen a massive increase in growth lately. I live in Grangeville, Idaho which is in North Central Idaho. We are surrounded by National Forest and occasionally we see wildfires fill the air with smoke. Our town is not located in the timber but the majority of people moving to our area want to live in the trees, which presents a risk most don't consider. I am curious what the studies show about the risk of inland States such as Idaho face. Can you point me in the direction of some resources to look at these studies?
Yep 👍
@@codyedwards9659 American Resiliency posts a state by state analysis here on UA-cam using the latest US Climate Assessment Report issued last year. (Its a licenced non-profit, btw.) I'm in the Northeast and not that familiar with your area so I won't give you an opinion, but I do suggest you use the 2C analysis rather than 1.5C should you listen to their videos. But if you want to get real down and dirty, fast, check your county soil survey, locate yourself right down to your address then find what soil series you're on. The soil records past events, especially the catastrophic kind so it will give you a good handle on what you face in the future. In fact, I once uncovered an ancient wildfire site. That was unusual. Its usually floods and landslides that we see routinely in the field. Your county conservation district can help you too, BTW. Also, the US Climate Assessment was released last year and was on-line. One is supposed to be done routinely, by law, but you might want to find it soon.
Yes, the climate is getting warmer. But CA weather has had droughts, floods, and high winds forever. The state govt. mismanaged water, forests, wildlife, brush, zoning, everything instead of properly planning for the future.
@@codyedwards9659 I hesitate to opine since I'm most familiar with the NE. But check the latest US Climate Assessment available online. Also, American Resiliency took that report and presents the risks for each state here on UA-cam. (They're a real non-profit, btw.) Use the 2C scenario rather than the 1.5C. The latter flew right by us, I think. Good luck! Things are about to get really, really funky.
This is nothing more than propaganda. As I’ve said many times in the past, these companies are never going to tell you that housing prices down. Why would they? If you were in the market to buy a home and we’re told at homes are going to be less expensive in a couple of weeks would you wait? What do you think that would do to real estate companies and Real estate agents. Exactly!