🔮Zillow predicts a decrease in home values and sales
💡New listings are increasing, which may lead to more options and lower prices for buyers
📉Zillow forecasts a 2% decrease in home values over the next year
📉They expect an 18% decrease in home sales compared to 2022
📊Zillow's predictions are based on trends in inventory levels and market conditions
What does Zillow predict for home values?
—Zillow forecasts a 3% increase in home values this year, but a 2% decrease over the next 12 months.
What about home sales?
—Zillow expects an 18% decrease in home sales compared to 2022.
Why are new listings increasing?
—New listings are getting closer to pre-pandemic levels, which may indicate that homeowners are accepting higher interest rates.
What does a decrease in home values mean for buyers?
—A decrease in home values may result in more options for buyers and potentially lower prices.
Are Zillow's predictions reliable?
—Zillow's predictions are based on market trends and inventory levels, but it's important to consider other factors when making decisions.
00:00Zillow predicts that home values will decrease and sales will fall in the next 12 months.
04:00Zillow expects a 3% increase in home values this year, but a 2% decrease over the next year.
05:30They predict an 18% decrease in home sales compared to 2022.
10:30New listings are increasing, which may lead to more options and lower prices for buyers.
12:30Zillow's predictions are based on trends in inventory levels and market conditions.
