"Heading into 2025, Zillow's 12-month forecast for U.S. home prices was +2.6%. However, many housing markets across the country softened faster than expected, prompting Zillow to issue several downward revisions. By April 2025, Zillow had cut its 12-month national home price outlook to -1.7%. In late spring, Zillow stopped issuing downward revisions. In August, it revised its 12-month outlook to +0.4%. In September, the forecast increased to +1.2%, and in October Zillow upgraded its 12-month national home price forecast to +1.9%."
"Among the 300 largest U.S. metro-area housing markets, Zillow expects the biggest home price increase between October 2025 and October 2026 to occur in these 15 metros: Atlantic City, New Jersey → +5.3% Rockford, Illinois → +4.8% Concord, New Hampshire → +4.6% Knoxville, Tennessee → +4.3% Saginaw, Michigan → +4.3% Jacksonville, North Carolina → +4.2% Kingston, New York → +4.2% Fayetteville, Arkansas → +4.1% Green Bay, Wisconsin → +4.1%"
Zillow updated its 12-month forecast and now projects U.S. home prices will rise 1.5% between October 2025 and October 2026. Forecasts entering 2025 estimated +2.6%, but widespread market softening led to downward revisions that cut the national outlook to -1.7% by April 2025. Revisions paused and the outlook recovered through August, September, and October before settling at +1.5% in the latest update. National growth is modest rather than strongly bullish. Significant metro variation is expected, with Atlantic City, Rockford, and Concord among the strongest markets and several Louisiana metros among the weakest.
Read at Fast Company
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