Zillow thinks the housing market is going to see growth over this next year but not as much as they originally thought, according to their latest monthly report…(Zillow)
- Y-O-Y: Zillow’s home value forecast calls for home value growth of 11.6% through April 2023, down from 14.9% in March.
- NEXT 3 MONTHS: Zillow expects home values to grow 5.2% over the next three months, down from an expectation of 5.5% in March.
Zillow’s forecast for existing-home sales fell 360k to 5.73 million sales in 2022. That would mark a 6.4% decrease from 2021.
- NOTE: 5.73 million sales would still be the second-best calendar year since 2006.