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Zillow’s latest forecast projects home value and rent growth to soften over the coming months, while existing home sales are expected to rise. Lower mortgage rates amidst building inventory are expected to be the primary catalysts.
Zillow’s forecast of existing home sales now calls for 4.09 million existing homes to sell in 2024 – about as many that sold in 2023. Zillow’s home value forecast for home values over 2024 was revised upward this month.
Can you improve the algorithm that changed the world of real estate?
The latest forecast published by Zillow predicts that U.S. home prices will rise 1.4% between March 2024 and March 2025.
Heading forward, Zillow’s forecast model expects U.S. home prices, as measured by the Zillow Home Value Index (ZHVI), to jump 4.8% between April 2023 and April 2024. For perspective, national...
This Project helps customers, real estate agents, companies dealing in houses, and other investors by forecasting the house prices using a statistical model ARIMA in 2020 and shows a general trend in housing prices country-wise and state-wise.
Its latest revision predicts that U.S. home prices will rise 6.5% between July 2023 and July 2024— up from the 6.3% call it made last month. For perspective, U.S. home prices as tracked by...