Zillow: Home Values Will Go DOWN in next 12 Months

Zillow just flipped because their new housing market forecast calls for a DECREASE in home values over the next month and for home sales to remain close to a 29-year low.

In today’s video, I share their latest real estate market forecast for the US housing market for home prices and sales. Thank you for watching today’s video! I appreciate you. Please like, subscribe and share this video onto your social media. Links to my sources are below.

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Compilation of Housing Market Forecast videos:

Reports I shared in the video:

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30 yr fixed rate mortgage is around 7% for the current mortgage rates for people with exceptional credit (at the time of filming this video).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)

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Disclaimer:
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.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).

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

[afsharlady]

You're kicking ass and taking names. Of all my subscribed channels on YouTube, you are my 1st visit, every day you post! Let's get you to 250, 000. subscribers! Love your reports!

[tlindsay]

My realtor, who is in the Denver-metro, just told me that the market is softening, here, for sure. He's anticipating there will be some better opportunities later, this year, across the Front Range. The most desirable areas are still selling pretty quickly. Some cities sales have slowed more, and sellers are lowering prices and/or offering some incentives. I've seen some substantial.price drops, on several homes. Colorado Springs has quite a few good opportunities. Even new home builders are dropping prices.
If the Feds dont drop interest rates too much, home prices should normalize over time. Multi-family homes have come down. That, along with the recession that the U.S. is in, could make a diffference in 2025, but, we really need a big correction, because a 3% drop after a 30%-50% increase is a drop in the bucket.
Thanks for the great reporting, Jason. You are the data Wiz. You'll get to 100K, soon!

[lauragraves]

Yes! Located here on Portland, OR and we have been seeing prices decreasing from last year, some areas are even lower than they were 2 years ago now. Inventory is definitely up. Nike did big rounds of layoffs (1 major employer) and there have been cuts at many other companies here as well as hiring freezes. All my friends and I work at the big ones here and all experienced hiring freezes. Which isn’t announced to the public, but we work in finance and know it’s happening.

[dylyo]

Seeing big big price reductions this last week. 125k, 100k, 71k, 60k, 40k more (Greater Nashville/Chsttanooga zones).

[renelopez]

Fantastic information as always. We should see a jump in subscribers as the market cools. Keep up the good work.
We all appreciate the effort you put into every update

[rafaelmariscal]

Great channel to stay informed on the real estate market with facts and data, without all the opiniated drama one gets from other channels. Especially the ones that just want to portray market crashes year after year for clickbairing. You definitely have earned your subscribers and wish you the best on your way to 100k plus.

[piRatCaptain]

Regarding Hartford CT. Its not desirable to live there. They have very high properry taxes, and prices are way overinflated recently.

[lakelvp]

Some remote areas of California are hitting 2021 prices already, but the dataset is skewed by trade groups that manage not only the sales mechanics but also the data. Builders have been cutting prices for over a year.

[JBoya]

Wow 100K subs. Well deserved!! Keep up the great work.

[House_hacker_]

Good morning Jason and enjoy your weekend

[straightdrive]

One thing I like about Jason he is reasonable in reporting . Cannot say about the other ones, they always seem to pick a side .

[BDUBB]

Sellers are all collectively realizing they should get out while the getting is good. Some unrealistic ones will hold on dropping the price by minuscule amounts, and be left scratching their head as to why the home didn’t sell. Anyone that needs a mortgage can’t qualify. So down we go! Rates will hold elevated until unemployment ticks up. Won’t take much

[mattanderson]

Thank you Jason, really appreciate this channel and your analysis

[SigFigNewton]

Decrease Nationally? Wow.
So in my area down significantly should be expected. We have more supply than prepandemic. Well… equal supply stilll growing this year

[lioneaglegriffin]

People are arriving to Hartford from NYC IIRC. So that's where you have a high number of cash buyers who aren't concerned about mortgage rates.

[enthused]

You don't say hahaha as if this isn't obviously the single largest bubble in world history. Would have to be pretty inept to not be able to tell that. Literally 50% worse than 2007 before the crash.

[Steverz]

Happy Saturday Jason, stay cool today & let’s get nerdy 😊😂

[williamjohnson]

All these predictions are so dependent on the yield of 10 yr. US Treasuries (and the mortgage rates that float about 2.5% above them). Also the cost of building new homes, including land, is a long term factor. 1.4% is not much of a loss after a 40 to 50% gain in recent years. I would call it a sideways market. The stock market can fluctuate that much in a couple of days.

[Savvygal]

Yah but if the inventory is mostly in NY and CA, then its a moot point. And let us not forget the insurance crisis in FL.

[everythingpies]

I agree with Zillow. The market is frozen less and more in different areas of the nation.