skyler olson. she joins us. i have to be honest. i look at these worries of countrywide and why did you decide to do this? walk me through it. >> let's talk about the program. from home loans. it is 1% down from the perspective of a qualified or eligible phoenix. but also, a low need to get up to 3% down. zillow home loans are making that 2% grant to bring the 3% total, and 3% down with mortgages this is an eligible bower, and a high credit score. they have the income on the regular to make that monthly payment. what they don't have is say, the built up savings to make that down payment to get in the door. >> as avenues of finance get more conservative, and as we see the shortage in demand, customers are sort of craving flexibility. how can i get together enough to live the dream? >> there a lot of people out there, not just millennials, and gen z, but they have similar operations to previous decades, and they're trying to figure out how to make their way forward, and when you think about a program like this, this is for a person wh

joining us to discuss all of this, skyler olson, --skylar olsen of zillow.tery. are you surprised we get a different message from everyone about where the direction of rent seems to be going? skylar: not at all. this is an incredibly challenging space to do research in. rent is not public record. when you hear data out in the world about what's happening to rents, it is a lot of research shops like zillow forming data from our rental listing market. zillow has a massive and diverse rental market, from single-family to multifamily. when we report on rent, what we are doing is tearing the same listing -- is pairing the same listing with the home price index. looking at that kind of formation, we have rent slowly trending down and actually hitting negative in a seasonally adjusted way and we are looking at the course of seasonal patterns. that is also what that data set looked like back then. it is such a hard space to do analysis. that said, i think we are noticing softer pressure than pre-pandemic. that should be a good sign for general inflation to continue