The housing market boom has at least another year to run, Zillow economists predict

While the forecast Zillow published this month is a downward revision from the one it published in April, it's still fairly bullish. "The housing market is expected to return to pre-pandemic, 2019 norms—at least in terms of inventory and the share of purchases made by first-time home buyers—by 2024," wrote Zillow researchers on Tuesday as they assessed their findings from their monthly poll of "housing market experts." In a paper titled “Real-time market monitoring finds signs of brewing U.S. housing bubble," Dallas Fed researchers say that for the first-time since the ’00s housing bubble we're amid a housing market that has become detached from fundamentals.

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