Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-03-19 11:00:00| Fast Company

Want more housing market stories from Lance Lamberts ResiClub in your inbox? Subscribe to the ResiClub newsletter. On Tuesday, Zillow economists published their updated forecast model, projecting that U.S. home prices, as measured by the Zillow Home Value Index, will rise 0.8% between February 2025 and February 2026. Thats another downward revision. Last month, their 12-month forecast projected a 1.1% increase in U.S. home prices, and the month before that, they expected a 2.9% increase. The rise in [active] listings is fueling softer price growth, as greater supply provides more options and more bargaining power for buyers, wrote Zillow economists on Tuesday. Potential buyers are opting to remain renters for longer as affordability challenges suppress demand for home purchases  Not only do Zillow economists predict soft national home price growth this year, but theyre also predicting that the housing market will only see 4.1 million U.S. existing home sales in 2025. That would mark the third straight year of suppressed sales of existing homes. For comparison, in pre-pandemic 2019, there were 5.3 million U.S. existing home sales. Zillow economists added that: As the home-buying season nears, Zillow anticipates a temporary boost in sales during the spring, followed by a seasonal slowdown. However, with little relief expected from mortgage rates, existing home sales are likely to remain below pre-pandemic levels. Until mortgage rates fallto improve housing affordability some downward pressure on home sales is expected to persist. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}))}(); Among the 300 largest U.S. housing markets, Zillow expects the strongest home price appreciation between February 2025 and February 2026 to occur in these 10 areas: Atlantic City, NJ: +5.1%  Knoxville, TN: +4.7% Kingston, NY: +4.7% Torrington, CT: +4.6% Bangor, ME: +4.6%  Rochester, NY: +4.4%  Vineland, NJ: +4.4% Concord, NH: +4.2%  Norwich, CT: +4.1%  Fayetteville, AR: +3.9% And these are the 10 areas where Zillow expects the weakest home price appreciation between February 2025 and February 2026 to occur: Houma, LA: -7.3% Lake Charles, LA:  -7.0% New Orleans, LA: -5.5%  Lafayette, LA: -4.6% Shreveport, LA: -4.4%  Odessa, TX: -4.1%  Beaumont, TX: -3.7%  Alexandria, LA : -3.3%  Chico, CA: -3.0%  Midland, TX: -3.0% While Zillow expects home prices across most of Florida to rise over the coming year, ResiClub remains skeptical. After all, Florida has experienced a significant increase in active inventory and months of supply over the past year, which could signal potential pricing weakness. Indeed, single-family and condo prices are currently declining in most Florida housing markets.


Category: E-Commerce

 

Latest from this category

01.07Minimum wage hikes take effect for 880,000 workers across the U.S.
01.07Microsoft says AI can diagnose tough medical cases better than physicians
01.07What is the pearl earring theory? The TikTok trend blaming jewelry for being single
01.07Senate narrowly passes Trumps megabill after overnight voting session
01.07Palestinian aid fundraisers face hurdles on GoFundMe
01.07Social Security July update: Heres why checks could be smaller for millions of Americans
01.076 Questions U.S. stock investors are facing as the third quarter kicks off
01.07Tucker Carlsons pivot away from MAGA has earned him unlikely praise, but is he being genuine?
E-Commerce »

All news

01.07Government wins welfare bill vote after big concessions to rebels
01.07Tomorrow's Earnings/Economic Releases of Note; Market Movers
01.07Bull Radar
01.07Stocks Slightly Higher into Final Hour on BBB Passage Hopes, US Economic Data, Sector Rotation, Consumer Discretionary/Energy Sector Strength
01.07La Grange Park Community Park District OKs takeover of Greater La Grange YMCA fitness center
01.07Another attempt to stop 143rd Street widening fails at Will County committee meeting
01.07Afternoon Market Internals
01.07TSB to be sold to Santander for up to 2.9bn
More »
Privacy policy . Copyright . Contact form .