Home prices have remained resilient despite the pandemic, with experts saying reduced demand has been offset by a drop in supply, though a new forecast predicts a 2-3 percent dip in housing prices through the end of the year.
“Demand absolutely just got a kick in the gut, but at the same exact time, so did supply,” said Skylar Olsen, senior principal economist at Zillow, a real estate and rental marketplace, in remarks to the Wall Street Journal.
