Posted on 04/20/2025 5:22:55 AM PDT by millenial4freedom
Once again, Zillow has downgraded its 12-month forecast for national home prices. On Wednesday, Zillow economists published their updated forecast model, projecting that U.S. home prices, as measured by the Zillow Home Value Index, will fall 1.7% between March 2025 and March 2026.
Back in March, Zillow downgraded its 12-month outlook for U.S. home prices to +0.8%. In February, Zillow downgraded its 12-month outlook to +1.1%. And at the start of the year in January, Zillow’s 12-month national home price forecast was +2.9%.
Why does Zillow keep downgrading its national home price outlook? |
Fast Company Newsletters “The rise in [active] listings is fueling softer price growth, as greater supply provides more options and more bargaining power for buyers,” Zillow economists wrote in March. “Potential buyers are opting to remain renters for longer as affordability challenges suppress demand for home purchases.”
Last month I used Zillow to counter the country tax assessment increase, not sure it worked but at least it was verifiable difference from the government value.
I’m getting ready to buy a new home.
This is great news.
And I am really glad we sold ours a few months ago.
Zillow needs to shut up. They aren’t predicting the market, they’re trying to make the market do what they want.
From where I am in Florida, Zillow is being optimistic.
We are starting into another recession with lots of inflation.
I picked a heavily Hispanic zip code back in December 20, 2024
There were 112 homes for sale.
Today there are 145 homes for sale
Why are illegal aliens still here?
They can be picked up and deported at any time if they didn’t register as illegal aliens.
They will never be allowed back into the United States.
They will never see any friends or family again in the United States.
They will be deported with nothing more than they have in their pockets.
They will be deported with less than someone running from an impending forest fire.
They may end up in prison in El Salvador.
I have been following a guy on YouTube for a few years now.
He calls himself Reventure Consulting.
He tries to sell you his App at the end of each episode.
However, he was one of the first people to call a top to the real estate market a couple years ago.
All real estate is local. So, the fact that they are building a new chip plant or a new steel plant in some location will have a direct effect on that area.
He shows various statistics that directly effect the market by state and country.
So, when Austin was getting overbuilt a couple years ago, Dallas was still going up.
Now, Dallas has topped, yet Houston is now the most housing permits in the country.
Dallas is still second.
The other thing he points out is that a lot of people moved from the northeast and upper Midwest during Covid.
Now, many are moving back.
So, there is a shortage of homes now around Chicago and NYC.
The other thing he shows is the least expensive markets in the country.
Which is currently West Virginia.
You can buy farms and larger pieces of property there for a fraction of what they would be in other states.
I have no relationship to his site.
I am not a realtor.
I just am a casual observer.
One place that has drawn my attention as a possible retirement location is the Forgotten Coast of Florida. This is the Gulf Coast south of Tallahassee. East of Mexico Beach.
There are waterfront properties there for around $750K. Properties across from the beach can be bought for $550K or less and the market is going down because insurance is going up.
as great as the political climate in Florida is, the boom-bust cycle in real estate there is very much intact
My development of 2800 homes has 100 for sale. A record for 35 years the HOA says.
No tax credits should be given to aliens.
That’s a simple change in the law.
Why hand out voter bribes to those who can’t legally vote?
The Panhandle often gets whacked by hurricanes.
Oh, goody! Does this mean we’ll be seeing a property tax reduction soon?
They may need to take a loss to move the property.
The key to self-deportation of the law-abiding illegals is to cut off welfare benefits and do eligibility checks for employment — which means sanctioning employers who cheat. They create the demand.
Getting rid of birthright citizenship would be a huge step in the right direction because it would eliminate the anchor baby factor.
NGOs that have supported the influx of invaders should have their assets seized to support their clients as long as they stay. You bring ‘em, you sponsor them.
I don’t follow the statistics closely, but the last time I saw a figure, the estimate was that over 70 percent of illegals were on public assistance. Start there. The remainder, who find jobs and are hard-working and self-supporting, are the ones we might consider keeping on a case by case basis.
Oh ... while we’re at it, we should tighten up on welfare eligibility for native born Americans as well. We have created a huge layabout class of born and bred U.S. citizens who won’t deign to work, while many employers say they face an urgent labor shortage.
Yes, I am sure it does.
Wasn’t it less than ten years ago when Mexico Beach took a direct hit and wiped out pretty much every house on the beach that wasn’t on concrete stilts?
I recall that there was one house left standing that a guy from Atlanta had built recently on concrete pilings and everything else around it was gone due to storm surge.
All the houses left in that area are now 8-10 feet up in the air.
I was just curious about the area because it is so much cheaper than any other coastal Florida area either south or west of there.
It is also more like the old south.
The towns are not full of condos.
In fact I believe that there is some local zoning that keeps developers from building high rise condos like you see south and West of there.
FYI, the only reason I even mentioned this spot is because I saw it on Peter Santanellos YouTube channel.
It is really the last section of the Gulf Coast that is NOT developed.
Plus, I figured a northern Red Neck like me would fit in there with the locals.
Put up my Trump flag and I already have a pickup truck.
Live in Florida, just north of Daytona, an affluent community with approx. 3300 houses at present. 141 for sale, 41 are new construction. 14 are $1M+, 6 of those are new construction. (Yes, sub $1M is still affluent here ... only 3% of houses in Eastern Volusia County have a tax assessed value above $560K. I know this because I publish a magazine that goes to those 7000 houses)
Fewer aliens+more houses being built=lower housing demand=lower prices.
Don't feel too bad, AOC double-majored in international relations and economics at Boston University, graduated cum laude, and she was ignorant of the law of supply and demand...
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