Wednesday, September 27, 2017

Zillow Forecast: "August Case-Shiller Forecast: Annual Home-Price Gains Aiming Higher"

by Bill McBride on 9/27/2017 03:10:00 PM

The Case-Shiller house price indexes for July were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.

From Svenja Gudell at Zillow: August Case-Shiller Forecast: Annual Home-Price Gains Aiming Higher

The Case-Shiller U.S. National Index is expected to continue its upward climb in August, gaining 6.0 percent year-over-year following a 5.9 percent increase in July. The monthly gain is forecast at 0.4 percent, slightly below the 0.5 percent uptick in July.

The 10- and 20-city indices are expected to post annual gains of 5.3 percent and 5.9 percent, respectively — both climbing a hair faster than they did year-over-year in July. And both are forecast to post monthly gains of 0.3 percent in August.

Below is Zillow’s full forecast for August Case-Shiller data. These forecasts are based on today’s June Case-Shiller data release and the August 2017 Zillow Home Value Index. The August S&P CoreLogic Case-Shiller Indices will not be released officially until Tuesday, October 31.
The year-over-year change for the Case-Shiller National index will probably be slightly larger in August than in July.

Zillow forecast for Case-Shiller