Zillow CEO Jeremy Wacksman attributes the U.S. housing crisis to a decade-long shortage of new construction, worsened by high mortgage rates and sellers reluctant to lose low-rate loans. With sales at a 30-year low and prices soaring, he urges policy reforms to boost supply. Forecasts indicate modest price drops ahead, but systemic fixes are essential for recovery.
Zillow CEO Blames US Housing Crisis on Decade-Long Supply Shortage
