In Like a Lion: Spring Gets Roaring Start With High Values, Low Supply

The spring home-buying season is off to a roaring start, with home values up 7 percent and supply down 3 percent year-over-year, according to Zillow’s Real Estate Market Reports for February. Competition is expected to be fierce as homebuyers chase down few listings, says Zillow Chief Economist Dr. Svenja Gudell.
“Low inventory, strong demand and tough competition will be the defining characteristics of this year’s home shopping season,” Gudell says. “Even though in