Zillow's Home Value Forecast [March 2024]
Posted by Andy Mandel on
Where Does Zillow Say South Florida Home Prices Will Go In 2024?
Zillow's latest forecast anticipates an average of 1.9% growth in home values across the USA throughout 2024. While this rate is slower than historical averages, it signals a welcome slowdown for first-time buyers compared to the rapid appreciation witnessed during the pandemic. Zillow's prediction has increased from the previous month which projected a growth of only 0.9%. The modest upward revision primarily stems from a slowdown in the growth of new listings for sale, with interest rates remaining relatively high.
Despite a significant 21% increase in new listings in February, the year-over-year growth eased to just 4% in March, highlighting the continued tightness of the housing…
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