Zillow Revises Home Price Appreciation Forecast, New Prediction Down 8 Points

Zillow Revises Home Price Appreciation Forecast, New Prediction Down 8 Points
A "for sale" sign hangs in front of a home in Miami on June 21, 2022. Joe Raedle/Getty Images
Naveen Athrappully
Updated:
0:00

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.
Related Topics