Zillow’s NEW Housing Market Forecast

Zillow just released their new housing market forecast through 2025 with their predictions for home values and home sales in the United States, including major metros in the nation as well. Based on their real estate market predictions, they believe that sales transactions will be at multi-decade lows.

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Jason Walter, CPA (inactive CPA lic 103885)
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Revest Homes (DRE 02174879, NMLS 2362319)

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Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

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For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender.

#Zillow #housingforecast #housingpredictions

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[piRatCaptain]

Zillow always juices the numbers in the forecast at the end of every year

[KAZHE]

We are potential buyers- cash or possibly 1/2 down with a 15. It’s not interest rates stopping us- it’s the ridiculous denial of sellers. They can’t expect $100-200K more than they paid in 2022! Insane

[hvNews]

All potential buyers I know have decided to wait out the housing market and wait for prices to go down.

[Courtney-Alice-Gargani]

I want to see how accurate their forecast is going to be. Nobody has that crystal ball.

[TropicalTodd]

I have friends and family members telling me they are waiting for a 50% drop in home prices. Unless a home owner is in distress in foreclosure or maybe an estate sale I just don’t see it. My house at the peak would sell for $405k, that’s what the same model sold for in 2022. Now a realtor has told me I could sell for $350k. Do you think I will sell my house for $175k? Never will happen . I would stay or rent it out. Now in 2007 I saw it happen but that was massive foreclosure, insane amount of foreclosures.

[misterringer]

Zillow everytime there is a small shred of bullish data: " prices expected to grow 117% year over year buy now!"

[nealweeks]

Also, population is much higher since 1995. You could probably get nerdy and do a 1995 equivalency adjustment.

[tann_man]

Jason when doing home sales comparisons by year it'd be helpful if you could include a column for sales per capita. Would be interesting to see how 2024 compares to years prior that way.

[samazonprime]

If five million is annual mean home sales per year since the 1980’s our population has far exceeded the building and need for affordable housing. This to me is a strong indicator you don’t need to worry about home prices going down but you should be worried about home affordability if in the market for a home purchase. Over time home values will go up

[malanalan]

It looks like in my area which is located in Southern California, West Riverside County, asking prices have peaked. Three homes in my neighborhood sit on the market for over 3 weeks now. The asking prices are outrages. One seller already reduced the price, still outrages though. Two of these houses have asking price 15% higher than what identical houses sold for just few months ago. As for comparison, it took 20 years for my house to double in price in the same area. Price correction is inevitable. I am expecting 15% to 20% correction in my area.

[theRetainer]

Sales will continue going down, but because of seasonality. In the Spring, there will be another frenzy like that of 2021 and 2022, because rates will continue to come down making things more affordable for buyers in the sidelines.

[mattanderson]

Fantastic discussion !
Thank you so much really appreciate you

Thank you Sir
Thanks Jason
Brilliant!!

[tlindsay]

The housing bubble situation probably isn't going to be fixed by lowering interest rates. It's unprecedented that both home prices and stocks are at crazy highs. If this isn't a bubble about to burst, it will be a miracle.

[billscott]

To get "buyers get off the sidelines", start with "sellers lower prices 40%".

[alucard]

Way things are now i may just be inheriting my parents place and move down to it when i retire.

[chrisdempsey]

Great video! 20yr comparison also need to factor USA population increase by 50million people Today & therefore potential buyer now over those historic lows which equal todays soft market is much worse when benchmarked against potential buyers.

[mflphd]

Is the 1.4% Sept to Sept and the 1.5% Aug to Aug?

[AnonymousPerson]

It’s called a “prediction, ” because it’s not a fact. I’ve seen more houses taken off of the market and listed for rent, or just sitting there vacant. The owner still owes the bank, whether it sells or not. More foreclosures, as well. Houses are sitting, some are selling, but they’re sitting for weeks to months instead of hours. More price cuts, too. Still not enough affordable houses available, because sellers still think their $350, 000 house is worth $500k, and they just sit on the market losing money. And now the NAR rules require you to sign a contract just to see the house! Had to do that for 24 hours, lol. It’s just silly! And doesn’t benefit the buyer at all, and puts the work on them just to see a home that they many not want. Saw a home with cracked foundation that the seller wants $495k for! They lowered it $5k, and it sits, collecting dust.

[elizabethsalinas]

As a real estate agent is Washington state, who works in both sales and property management, i can tell you that many landlords are selling and getting out of washington because state laws are heavily protenant / squatter leaving very little or expensive resolution options for landlords. They are investing their money elsewhere.

Because of this, rentals are few and far between and rental rates are heavily inflated.

Thats being said, there are a lot of good reasons for people to get out of tenancy and into home ownership, stability being one of them. I certainly wouldnt want the unease of wondering if my landlord is going to sell my home out from underneath me, and it wouldnt be worth it to me to wait for "the crash" that may never come.