New data from the Zillow Home Price Expectations Survey suggests that housing market demand will decrease over the coming years as large-scale investors run out of inventory. Experts expect the change to help first-time homebuyers and others looking for single-family rentals. Dr. Stan Humphries, Zillow’s Chief Economist said, “buyers entering the market in the next few months will not be competing with cash-rich investors like they were last year which should be some small solace given the higher prices and mortgage rates that they will encounter.” More here
