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In this deep-dive conversation from December 1, 2025, Hope King sits down with Jeremy Wacksman, CEO of Zillow, to discuss the state of the US housing market. They explore why the current market feels like a "coiled spring," the reality of the 5-million-home supply deficit, and how "mortgage hugging" is keeping inventory low. Jeremy also pulls back the curtain on how Zillow is using Generative AI to democratize real estate tools, why the need for human agents is actually increasing in the digital age, and which home trends (like man caves and barn doors) are officially "out" for 2026. Video credit: HOPE Global Forum Key Topics: O The transition from "Dreaming/Stalking" to Transacting on Zillow. O Why home prices are up 100% since the pandemic while wages lag. O How AI is summarizing agent calls and creating "Super Listings." O Zillow’s "Fair Housing Classifier" and responsible AI development. O The future of the "One-Stop Shop" for real estate. Video Chapters 00:00 – Jeremy’s 16th Anniversary at Zillow 01:58 – The Evolution of Zillow: From Web Portals to Smartphones 03:31 – State of the Housing Market: "Lousy, but Less Lousy" 05:08 – The Pandemic Hangover & the 5 Million Home Deficit 06:52 – "Mortgage Hugging" vs. the Inventory Shortage 07:46 – Beyond Tech: Zillow’s Role in Policy & Zoning Reform 09:10 – Innovation for the Consumer: Renters, Buyers, and Sellers 12:07 – Why Homebuyers Want Human Agents More Than Ever 14:13 – How AI Supercharges the Real Estate Professional 15:26 – AI-Powered "Super Listings" and Drone Walkthroughs 17:56 – Responsible AI: Building Fair Housing Classifiers 20:32 – Why 50% of Homebuyers Cry During the Transaction 21:36 – Lightning Round: Overlooked Markets & Hottest Trends 22:40 – What’s OUT in 2026: No More Man Caves or Barn Doors 24:01 – What’s IN: Inflation-Savvy Homes and Efficiency 25:24 – The "Coiled Spring": Why Zillow's CEO is Optimistic 26:27 – The 5-Year Vision: The One-Stop Shop for Housing