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 factors are contributing to the current housing boom in the country?

How does the housing market in Seattle compare to other cities like San Francisco?

What impact do natural disasters have on housing values according to the text?

Why are first-time homebuyers considered important in the current market?

What potential effects could rising mortgage rates have on the housing market?