From Declines to Gains: Zillow’s Surprising 12-Month Housing Forecast

Just when it seemed like housing prices were settling down, Zillow has thrown us a curveball. Their latest 12-month home price forecast has flipped upward — now predicting a +0.4% rise after months of downward revisions. In this episode, I break down: Why Zillow’s outlook changed and what it means for buyers and sellers. How lower rates and slower price growth are easing monthly mortgage payments (but not by much). The metros where prices are expected to climb — and the ones where declines are still looming. Why Southwest Florida has become the epicenter of weakness in today’s housing market. How big single-family homebuilders are defying the slowdown, with net new home orders up 18% year-over-year in Q1 2024. Whether you’re shopping, selling, or just watching the market like it’s your favorite reality TV show, Zillow’s forecast is worth paying attention to. If you ever want to buy or sell a property anywhere in the world, our team would be honored to help get you to your next destination. Until next time, stay curious, stay hungry, and as always… stay ALL IN! Amit Bhuta COMPASS ALL IN Miami Group Licensed Real Estate Agent (305) 439-3031 Mobile [email protected] ALLinMiami.com.