Home prices in the United States, which are showing signs of cooling following a pandemic-recovery spike, are now expected to rise at a slower rate than previously predicted, according to real estate marketplace firm Zillow.
In its March report, Zillow predicted home prices would rise 17.8 percent year-over-year by February 2023. In its latest forecast published in June, Zillow predicts home prices will appreciate only 9.7 percent for the 12 months ending May 2023.
